Gannett will buy Belo for $2.2 billion. That will increase
Gannett’s TV stations from 23 to 43. The deal is expected to close by the end
of 2013.
Belo spun off its newspapers, which include Dallas Morning News, Providence Journal and Riverside, California Press-Enterprise, as a separate company called A.H.
Belo in 2007.
This acquisition comes not long after Media General announced
plans to merge with the New Young Broadcasting Company. The combined company
will own 30 stations.
To read the article, click on http://www.npr.org/blogs/thetwo-way/2013/06/13/191281967/gannett-to-buy-tv-station-owner-belo-for-2-2-billion
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