Gannett Buys 6 TV Stations from London Broadcasting

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By: Roger Yu | USA Today

Gannett, publisher of USA TODAY, said Wednesday it agreed to buy six TV stations from Dallas-based London Broadcasting Company for $215 million in cash, deepening its presence in Texas.  

Once the deal closes, the McLean-based media company will own or operate 46 stations, reflecting the corporate strategy of reducing its dependence on print media.

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