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

|About: Gannett Co., Inc. (GCI)|By:, SA News Editor

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.