FCC approves Gannett-Belo deal

Gannett

The FCC has approved Gannett's purchase of Belo, Gannett announced Friday. The companies expect the deal to close next week, "upon completion of remaining customary closing conditions."

The companies reached a decision earlier this week with the Department of Justice. The purchase will add 20 stations to Gannett's portfolio, bringing the number of TV stations it owns to 43. The companies announced the sale in June.

In July, some groups asked the FCC to block the deal, citing decreased competition and job losses as potential outcomes.

  • Andrew Beaujon

    Andrew Beaujon reported on the media for Poynter from 2012 to 2015. He was previously arts editor at TBD.com and managing editor of Washington City Paper. He's the author of the 2006 book "Body Piercing Saved My Life," about Christian rock and evangelical Christian culture.

Comments

Related News

Email IconGroup 3Facebook IconLinkedIn IconsearchGroupTwitter IconGroup 2YouTube Icon