MCLEAN, Va. and DALLAS, Dec. 20,
2013 /PRNewswire/ -- Gannett Co., Inc. (NYSE: GCI) and Belo
Corp. (NYSE: BLC) announced today that the Federal Communications
Commission granted approval for Gannett's acquisition of Belo. All
regulatory approvals for the transaction have been received.
Closing is expected early next week upon completion of remaining
customary closing conditions.
About Gannett
Gannett Co., Inc. (NYSE: GCI) is an
international media and marketing solutions company that informs
and engages more than 100 million people every month through its
powerful network of broadcast, digital, mobile and publishing
properties. Our portfolio of trusted brands offers marketers
unmatched local-to-national reach and customizable, innovative
marketing solutions across any platform. Gannett is committed to
connecting people – and the companies who want to reach them – with
their interests and communities. For more information, visit
www.gannett.com.
About Belo
Television company Belo Corp. (NYSE: BLC) owns and operates 20
television stations (nine in the top 25 markets) and their
associated websites. Belo stations, which include affiliations with
ABC, CBS, NBC, FOX, and the CW, reach more than 14 percent of U.S.
television households in 15 highly-attractive markets. Belo
stations rank first or second in nearly all of their local markets.
Additional information is available at www.belo.com.
Forward Looking Statements
Certain statements in this press release may be forward looking
in nature or "forward looking statements" as defined in the Private
Securities Litigation Reform Act of 1995. The forward looking
statements contained in this press release are subject to a number
of risks, trends and uncertainties that could cause actual
performance to differ materially from these forward looking
statements. A number of those risks, trends and uncertainties are
discussed in each company's SEC reports, including their annual
report on Form 10-K and quarterly reports on Form 10-Q. Any forward
looking statements in this press release should be evaluated in
light of these important risk factors.
Gannett and Belo are not responsible for updating the
information contained in this press release beyond the published
date, or for changes made to this press release by wire services,
Internet service providers or other media.
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SOURCE Gannett Co., Inc.