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.
So what are you waiting for? Let's get started right away!
Enjoy the video, and every success in your own trading.
Adam Hewison
President, INO.com
Co-Creator, MarketClub
