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Publishing & Printing M&A image Publishing & Printing M&A » By The Online Investor Staff, updated Wed., Jul. 15, 7:09 AM Recent mergers and acquisitions in the Publishing & Printing M&A category.

Slide #35. Belo Corp Gannett

Acquirer: Belo Corp (BLC)
Acquiree: Gannett (GCI)
Details: Television company Belo Corp. (NYSE: BLC) held a special meeting of shareholders this morning at which shareholders voted in favor of the proposal to approve and adopt the merger agreement with Gannett Co., Inc. (NYSE: GCI), along with two other related proposals. The transaction is subject to certain regulatory approvals and other customary closing conditions. The Company expects the transaction to close by the end of 2013.

Belo is a television company. As of Dec 31 2012, Co. owned 20 television stations, including ABC, CBS, NBC, FOX, CW and MyNetwork TV affiliates, and their associated websites. Co.'s stations are concentrated in three regions: Texas, the Northwest and Arizona. Co. also owns two regional news channels, Texas Cable News in Dallas/Fort Worth, TX, and Northwest Cable News in Seattle/Tacoma, WA, and three local news channels, 24/7 NewsChannel in Boise, ID, NewsWatch on Channel 15 in New Orleans, LA, and the 3TV 24/7 news channels in Phoenix, AZ. These operations provide news coverage and certain other programming. Co.'s television stations sell airtime to local, regional and national advertisers.

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Belo is a television company. As of Dec 31 2012, Co. owned 20 television stations, including ABC, CBS, NBC, FOX, CW and MyNetwork TV affiliates, and their associated websites. Co.'s stations are concentrated in three regions: Texas, the Northwest and Arizona. Co. also owns two regional news channels, Texas Cable News in Dallas/Fort Worth, TX, and Northwest Cable News in Seattle/Tacoma, WA, and three local news channels, 24/7 NewsChannel in Boise, ID, NewsWatch on Channel 15 in New Orleans, LA, and the 3TV 24/7 news channels in Phoenix, AZ. These operations provide news coverage and certain other programming. Co.'s television stations sell airtime to local, regional and national advertisers.

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Company Name: 
Belo Corp.
Website: 
www.belo.com
Sector: 
Television & Radio
Company Name: 
Gannett Co Inc (New)
Stock buyback: 
GCI buyback
Website: 
www.gannett.com
Sector: 
Publishing & Printing
Number of ETFs Holding GCI: 
41
Total Market Value Held by ETFs: 
$34.13M
Total Market Capitalization: 
$155.00M
% of Market Cap. Held by ETFs: 
22.02%
 

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