In what is believed to be one of the biggest deals in at least a decade, McLean, Va.-based Gannett, Inc. announced Thursday morning their intent to buy Dallas-based Belo, Inc. for $2.2 billion, plus the assumption of debt. The deal should close at the end of the year, pending regulatory approval. The sale increased Gannett’s station count to 43; outside […]
Young Broadcasting’s KWQC-TV in Davenport, IA-Rock Island, IL has laid off twelve employees and the NBC affiliate has also canceled its Saturday morning newscasts. This move comes as Young is struggling, with its underperforming San Francisco station up for sale and its ABC affiliate in Nashville (WKRN-TV) also getting hit hard with job cuts.