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A. H. Belo Announces Agreement to sell investment in Classified Ventures to Gannett Co

Tuesday, 5 Aug 2014 06:30am EDT 

A. H. Belo Corp:Says along with its partners in Classified Ventures, LLC, enters into a definitive agreement to sell its units in Classified Ventures (CV) to Gannett Co., Inc. for a price that values CV at $2.5 bln.Transaction is expected to close before the end of 2014.Moelis & Company LLC acted as exclusive financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as exclusive legal advisor to A. H. Belo Corporation, its selling partners and CV. 

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