Gannett (NYSE:GCI), the publisher of USA TODAY and other media outlets, announced that it has agreed to buy the Belo Corp. (NYSE:BLC) for about $1.5 billion. Stock of Gannett jumped the most it has in four years, as this dramatically changes the landscape in the media business.
Today's acquisition makes Gannett the fourth-largest owner of major network affiliates in the country. Gannett has now effectively doubled their number of stations from 23 to 43.
Make no mistake about it, this is a game changer for Gannett.
In today's four minute video, I will be analyzing the stock of Gannett (NYSE:GCI) and projecting how high this stock could go. I think you'll find my approach refreshing and informative.
Enjoy the video, and every success in your own trading.
