Gannett, the giant US media group, is about to get bigger still. It has agreed to pay about $1.5bn (£958m) to acquire the broadcaster Belo Corp, owner of 20 TV stations and associated websites.
The deal nearly doubles Gannett’s current television portfolio to 43 stations, making it America’s fourth largest owner of TV network affiliates. It underlines Gannett’s efforts to shift away from newspaper publishing to focus more on broadcasting.
Read the rest at Gannett to pay $1.5bn for Belo Corp | Media | guardian.co.uk.
