A PYMNTS Company

US: DOJ clears $1.5B cable buyout, with concessions

By  |  December 17, 2013

The US Department of Justice has approved of a $1.5 billion buyout of Belo Corp. by purchaser Gannett Co., though the regulator will require Gannett to divest some assets.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Reports say the parties agreed to sell a St. Louis television station, KMOV-TV, so as to not harm competition in the area.

    The deal was first announced last June. With the DOJ’s approval, Gannet said it will now become the nation’s fourth-largest major network affiliate owner and will reach about one-third of US households.

    Full Content: Delaware Online

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.