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Gannett

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The Federal Communications Commission has approved Gannett Co.’s purchase of Dallas-based Belo Corp., including WFAA-TV (Channel 8). It’s the final regulatory clearance for the $1.5 billion deal for several TV stations across the country.

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Belo, the Dallas-based chain of TV stations, was sold today to Gannett in a deal worth 2.2 billion dollars. Twenty stations will change hands, including Belo’s flagship, WFAA-Channel 8. Until now, IT’S been the only locally owned major-network affiliate in North Texas. This deal does NOT include The Dallas Morning News – the newspaper is owned by a spinoff company, A.H. Belo. This deal could reshape the broadcast landscape in North Texas.