Gannett Closes Buy of Denver TV Station

Posted Monday, June 26, 2006 12:00 am

By: Gannett Co. Inc., the largest U.S. newspaper publisher and operator of USA Today, on Monday said it has completed its acquisition of UPN affiliate KTVD-TV in Denver.

Gannett first announced the deal in December. Financial terms are undisclosed.

Gannett continues to own the NBC affiliate, KUSA-TV in Denver.

The company acquired KTVD-TV from owners the Channel 20 TV Co. and Twenver Broadcast Inc.

Gannett owns two stations, or has a duopoly, in Jacksonville, Fla., as well, with WTLV-TV and WJXX-TV. A third duopoly of Atlanta stations WXIA-TV and WATL-TV in Atlanta, is pending.

Shares of Gannett rose 33 cents to $54.50 during afternoon trading on the New York Stock Exchange.

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Gannett Closes Buy of Denver TV Station

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