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Gannet to buy Belo for $1.5 billion

[UPI] U.S. media firm Gannett Co. said Thursday it would buy Belo Corp., a media company that operates 20 television stations. The deal would jump Gannett’s television holdings from 23 stations to 43, The New York Times reported. The deal was set up as a cash agreement that values Belo at $1.5 billion. Industry analysts […]