Gannett is selling $1.25 billion worth of bonds,...
Gannett is selling $1.25 billion worth of bonds, and will use the proceeds and available cash to pay for the purchase of Belo Corp., said the acquirer in a news release Thursday (http://bit.ly/15ZV4zp). It said Gannett expects to complete by…
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this coming Thursday the sale of senior notes due in 2019 and 2023. Belo shareholders last week OK'd the $1.5 billion takeover (CD Sept 26 p21).