The company struck a deal to acquire six television stations in the Lone Star State from London Broadcasting Co. for $215 million. The stations are in mostly small markets including Waco, Beaumont and Corpus Christi.
The acquistion comes in the wake of Gannett's purchase of
"The addition of these stations will expand Gannett's reach into some of the fastest growing markets in the nation," said Gracia Martore, president and chief executive officer of the TV and newspaper owner.
There has been a tremendous amount of consolidation in the local television industry led by Gannett,