Gannett Jumps on $1.5 Billion Deal to Buy Belo

Gannett Jumps on $1.5 Billion Deal to Buy Belo Play

June 13 (Bloomberg) -- Gannett, the publisher of USA Today, surged the most in almost four years after agreeing to buy Belo for about $1.5 billion, gaining TV stations to reduce its dependence on its shrinking newspaper business. Bloomberg Industries' Paul Sweeney reports on Bloomberg Television's "Market Makers." (Source: Bloomberg)

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