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Publishing & Printing M&A image Publishing & Printing M&A » By The Online Investor Staff, updated Mon., Apr. 6, 10:12 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 owns, operates and invests in local media assets focused in small to mid-size markets. Co.'s main products include: daily newspapers; weekly newspapers, which publishe up to three times per week; shoppers, which are generally advertising-only publications; locally-focused websites, which extend Co.'s businesses onto the internet and mobile devices; business publications; UpCurve Cloud and ThriveHive digital marketing; and GateHouse Live. In addition to its main products, Co. also produces publications that address specific local market interests such as recreation, sports, healthcare and real estate.

GCI SEC Filing Email Alerts Service


Open the GCI Page at The Online Investor »

Gannett owns, operates and invests in local media assets focused in small to mid-size markets. Co.'s main products include: daily newspapers; weekly newspapers, which publishe up to three times per week; shoppers, which are generally advertising-only publications; locally-focused websites, which extend Co.'s businesses onto the internet and mobile devices; business publications; UpCurve Cloud and ThriveHive digital marketing; and GateHouse Live. In addition to its main products, Co. also produces publications that address specific local market interests such as recreation, sports, healthcare and real estate.

GCI SEC Filing Email Alerts Service


Open the BLC Page at The Online Investor »

Company Name: 
Gannett Co Inc (New)
Stock buyback: 
GCI buyback
Website: 
www.gannett.com
Sector: 
Publishing & Printing
Number of ETFs Holding GCI: 
36
Total Market Value Held by ETFs: 
$26.95M
Total Market Capitalization: 
$156.00M
% of Market Cap. Held by ETFs: 
17.28%
Company Name: 
Belo Corp.
Website: 
www.belo.com
Sector: 
Television & Radio
 

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