2 Media Mergers Topping $2B Win FCC's Blessing

Law360, New York (December 20, 2013, 5:24 PM EST) -- The Federal Communications Commission approved two high-stakes media mergers Friday: Gannett Co.'s $2.2 billion buy of Belo Corp. and Tribune Co.'s $2.73 billion purchase of Local TV Holdings LLC stations.

Gannett had agreed earlier this week to drop a St. Louis TV station, KMOV-TV, from Belo's assets. That station was the only anti-competitive part of the deal, the FCC said, as it could give Gannett an unfair position in the St. Louis market. Gannett agreed to the condition.

"Gannett expects very minimal impact on its previously...
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