/// FCC Approves Gannett and Tribune Acquisitions

December 20, 2013  |  Media Week

The Federal Communications Commission has approved two of the year's biggest TV station deals involving the sale of nearly 40 stations: Gannett's $1.5 billion purchase of Belo and Tribune's $2.73 billion purchase of Local TV. Once Gannett's deal closes, probably as soon as Monday, the company will own 42 TV stations and be the fourth-largest owner of major network affiliates, reaching about a third of the nation's TV households. Earlier this week, the merger was approved by the Department of Justice , with the requirement that the combined company to sell KMOV—Belo's CBS affiliate in St. Louis—to preserve competition in the market.

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