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Gannett (GCI) announces the acquisition of Belo (BLC) for $13.75 per share in a $1.5B deal which...

Gannett (GCI) announces the acquisition of Belo (BLC) for $13.75 per share in a $1.5B deal which will almost double Gannett's broadcast portfolio of stations. The transaction is slated to close before the end of the year. BLC +25.8% premarket to $13.50.
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