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Publishing & Printing M&A image Publishing & Printing M&A » By The Online Investor Staff, updated Fri., Mar. 29, 1:21 AM Recent mergers and acquisitions in the Publishing & Printing M&A category.

Slide #53. Gannett Co., Inc. Belo Corp.

Acquirer: Gannett Co., Inc. (GCI)
Acquiree: Belo Corp. (BLC)
Details: Gannett Co., Inc. (NYSE: GCI) and Belo Corp. (NYSE: BLC) jointly announced today that they have entered into a definitive merger agreement under which Gannett will acquire all outstanding shares of Belo for $13.75 per share in cash, or approximately $1.5 billion, plus the assumption of $715 million in existing debt for an enterprise value of approximately $2.2 billion. The transaction, which has been unanimously approved by the boards of directors of both companies, represents a 28.1 percent premium to the closing price of Belo common stock on June 12, 2013.

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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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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Company Name: 
Gannett Co Inc (New)
Stock buyback: 
GCI buyback
Website: 
www.gannett.com
Sector: 
Publishing & Printing
Number of ETFs Holding GCI: 
16
Total Market Value Held by ETFs: 
$33.44M
Total Market Capitalization: 
$330.00M
% of Market Cap. Held by ETFs: 
10.13%
Company Name: 
Belo Corp.
Website: 
www.belo.com
Sector: 
Television & Radio
 

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