Too big to fail?

Gannett Co., the global media company, said Thursday it will buy Belo Corp. for $2.2 billion. The deal will make Gannett the USA’s fourth largest owner of major network affiliates, reaching nearly a third of U.S. households.

“This deal is about much more than broadcast,” Gannett CEO Gracia Martore said in a note to Gannett employees. “It significantly expands the reach of Gannett overall. We will solidify our position as the largest local media company. . . . This increased reach will give us an even greater opportunity to leverage our hometown advantage and strong brand leadership across all of our businesses.

Why is the government not stopping media monopolies? Could it be easier to control the media when there are fewer players?

One Response to “Too big to fail?”

  1. Lisa says:

    The question of how some reporters uncovered market-moving information has turned into a critical one.

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