Media M&A » By The Online Investor Staff, updated Wed., Apr. 24, 9:44 PM
Recent mergers and acquisitions in the Media M&A category.
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Slide #51. Gannett Co., Inc. — Belo Corp.
Acquirer:
Gannett Co., Inc. (NYSE:GCI)
Acquiree:
Belo Corp.
Details:
Gannett Co., Inc. (NYSE: GCI) announced today that it has completed its previously announced acquisition of Belo Corp. for $13.75 per share in cash, in addition to the assumption of $715 million of outstanding debt, for a total transaction value of $2.2 billion.
Gannett is a digitally-focused media and marketing solutions company. Co.'s segments include: Publishing, which includes advertising and marketing services to local, classified, and national advertising across multiple platforms, including print, online, mobile, and tablet as well as publications, and circulation sales including home delivery, digital distribution and single copy sales of its publications; and Digital Marketing Solutions, which includes advertising and marketing services, including search advertising, display advertising, search optimization, social media, website development, web presence products, customer relationship management, and software-as-a-service solutions.
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