DALLAS, Oct. 10, 2013 /PRNewswire/ -- Television company
Belo Corp. (NYSE: BLC) said today that it will issue a news
release regarding its third quarter 2013 earnings on Thursday, October 31, 2013, at 7:30 a.m. Central Daylight Time. On
June 13, 2013, Gannett Co., Inc.
(NYSE: GCI) and Belo jointly announced that they entered into a
definitive merger agreement under which Gannett will acquire all
outstanding shares of Belo for $13.75
per share in cash, or approximately $1.5
billion, and will assume $715
million in existing debt for an enterprise transaction value
of approximately $2.2 billion.
The merger agreement was approved by Belo shareholders at a special
meeting held September 25. The transaction is subject to
certain regulatory approvals and other customary closing
conditions. The Company expects the transaction to close by
the end of 2013.
About Belo Corp.
Television company Belo Corp.
(NYSE: BLC) owns and operates 20 television stations (nine in
the top 25 markets) and their associated websites. Belo
stations, which include affiliations with ABC, CBS, NBC, FOX, and
the CW, reach more than 14 percent of U.S. television households in
15 markets. Belo stations rank first or second in nearly all
of their local markets. Additional information is available
at www.belo.com or by contacting Paul
Fry, vice president/Investor Relations & Assistant
Treasurer, at 214-977-4465.
SOURCE Belo Corp.
