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Gannett buys Belo!

Discussion in 'Journalism topics only' started by JayFarrar, Jun 13, 2013.

  1. JayFarrar

    JayFarrar Well-Known Member

    Wowsers.

    http://jimromenesko.com/2013/06/13/gannett-buys-belo-for-1-5-billion-deal-nearly-doubles-its-broadcast-portfolio/
     
    JayFarrar, Jun 13, 2013
    #1
  2. Songbird

    Songbird Well-Known Member

    JRC/DFM, you're on the clock.
     
    Songbird, Jun 13, 2013
    #2
  3. JayFarrar

    JayFarrar Well-Known Member

    This deal only seems to be for the TV stations, and it creates some overlap in St. Louis, among others as KSDK and KMOV will now be Gannett stations.

    The newspapers Belo owned, were spun off into another company a couple years ago.
     
    JayFarrar, Jun 13, 2013
    #3
  4. DanOregon

    DanOregon Well-Known Member

    It's too bad. I think Belo has some of the top local news operations in the country. They spend money and don't mess around. Figure Gannett will find a way to trim TV staff and any nearby papers through "synergy." It's even worse out this way. The only other local affiliate worth a damn in local news just got bought by Sinclair.
     
    DanOregon, Jun 13, 2013
    #4
  5. HejiraHenry

    HejiraHenry Well-Known Member

    Sold 100 shares of Gannett this morning at $25 or so. Can't complain.
     
    HejiraHenry, Jun 13, 2013
    #5
  6. steveu

    steveu Well-Known Member

    Confirmed that the deal does NOT include the newspapers, via DMN:

    http://www.dallasnews.com/business/headlines/20130613-gannett-buying-dallas-based-belo-corp.-wfaa-tv-in-2.2b-deal1.ece
     
    steveu, Jun 13, 2013
    #6
  7. Baron Scicluna

    Baron Scicluna Well-Known Member

    Expect a lot of news clips about minorities.
     
    Baron Scicluna, Jun 13, 2013
    #7
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