DOJ asks for more info from Gannett/Belo


GannettThe proposed $2.2B acquisition of Belo Corporation television stations by Gannet has drawn a second request for information from the Department of Justice. The parties say the move is standard DOJ operating procedure and will elicit a prompt response.

DOJ is looking into antitrust implications of the transaction, if any. The parties note that at a minimum, closing the deal cannot happen until at least 30 days subsequent to compliance with the DOJ request.

The FCC is also reviewing the deal as usual.

The parties are not expecting any snags. They stated, “Gannett and Belo continue to expect to close the transaction by the end of 2013 as previously announced.”

The transaction was accepted by the FCC for filing 6/20/13, and involves stations in Dallas-Ft. Worth, Houston, Seattle-Tacoma, Phoenix, St. Louis, Portland OR, Charlotte, San Antonio, Austin, Norfolk-Newport News, New Orleans, Louisville, Tucson and Spokane.

Secondary deals involve spin-offs and 3rd-party LMAs in Phoenix, Portland, Louisville and Tucson.