Belo Archives

Channel 12 owner buys Channel 3 owner

Gannett, which operates the Arizona Republic and Channel 12, said it reached a deal to buy TV station owner Belo, which operates Channel 3, for about $1.5 billion in cash, significantly boosting its presence in broadcasting. Under the agreement announced Thursday, Gannett will pay $13.75 per share for the TV station operator, which is based… Read More →