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SOURCE Belo Corp.
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.
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