A.H. Belo Corp. and Gannett Co. Inc. are swapping ABC affiliates in California and Texas. Gannett gets KXTV(TV) Sacramento, Calif., and up to $55 million from Belo.

Broadcasting & Cable, March, 1999

A.H. Belo Corp. and Gannett Co. Inc. are swapping ABC affiliates in California and Texas. Gannett gets KXTV(TV) Sacramento, Calif., and up to $55 million from Belo, while Belo acquires Gannett's KXTV-TV Austin, Texas. With KVUE-TV, Belo says it will reach 67% of TV households in Texas (it already owns WFAA-TV Dallas/Fort Worth, KHOU-TV Houston and KENS-TV San Antonio).

"The addition of KVUE[TV] in the state's capital strengthens the company's capabilities as Texas's leading news provider," Belo Chairman Robert W. Decherd said last Thursday in a news release. KXTV becomes Gannett's only California station and provides "another top-20growth-market opportunity for Gannett that fits well with our television broadcast coverage across the [United States]," Gannett...

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