Gannett buys 20 stations from Belo
POSTED: Friday, June 14, 2013 - 7:00am
UPDATED: Friday, June 14, 2013 - 7:14am
Price tag: 1.5 billion
Houston — The Houston Chronicle is reporting; Gannett announced a deal to buy 20 television stations from Dallas-based Belo for $1.5 billion, the companies announced.
Under the deal, Gannett will acquire 20 television stations throughout the U.S. for $13.75 per share in cash, or an estimated $1.5 billion.
To read more, head to The Houston Chronicle's website: http://www.chron.com/business/article/Gannett-buys-20-stations-from-Belo-4597999.php