Gannett Co. and Belo Corp. have entered into a definitive merger - TopicsExpress

Gannett Co. and Belo Corp. 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 companies announced today. netnewscheck/article/26802/gannett-to-buy-belo-for-15b-assume-debt

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