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Gannett's TV deal for Belo worries media watchdogs
Gannett's TV deal for Belo worries media watchdogs

Gannett Co.'s proposed acquisition of Belo Corp. is the latest in a slew of deals in the television industry. Last week, Media General acquired Young Broadcasting to create a company that will own 30 TV stations in 27 markets. In April, Sinclair Broadcast Group acquired Fisher Communications for $373 million. Gannett's $2.2-billion deal -- $1.5 billion in cash and the assumption of about $700 million in debt -- will give it 43 stations in markets reaching about one-third of the country. Gannett, already one of the larger owners of TV stations, will now become the biggest independent owner of stations that carry CBS and NBC content. PHOTOS: Hollywood Backlot moments There...

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