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Gannett Co Inc and Belo Corp reach agreement with U.S. Department of Justice

Monday, 16 Dec 2013 02:02pm EST 

Gannett Co Inc and Belo Corp:Says they have reached an agreement with the U.S. Department of Justice that should enable the companies to complete the previously announced acquisition of Belo in 2013.Says Gannett, Belo and Sander Media LLC, a third party operator who will acquire certain broadcast stations in markets where Gannett and Belo overlap, entered into a proposed consent decree with the DOJ.Says pursuant to which Gannett and Sander will divest substantially all of the assets used in the operation of KMOV-TV in St. Louis, Missouri, which is currently owned by Belo.Says the divesture is expected to occur in 2014. 

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