December 20, 2013

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.

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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…
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