Petitioners Ask FCC to Block Gannett-Belo Deal

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By: Andrew Beaujon | Poynter

Gannett and Belo are trying to get around FCC cross-ownership rules by transferring broadcast licenses to shell companies, Free Press and other groups say in a petition asking the FCC to block the companies’ planned merger.
 
Gannett announced in June it would buy Belo, making it the fourth-largest owner of major network affiliate stations. The company already owns many newspapers. Investors have cheered the deal.































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