The Gannett Company is buying the Belo Corporation, the Dallas-based entity that owns 20 television stations, for $1.5 billion. Belo Corporation became a separate company in 2008 from A.H. Belo, the owner of the Providence Journal.
The AP reports:
Ernest Hemingway's storied retort to F. Scott Fitzgerald about why the rich are different -- because they have more money -- comes to mind in surveying some news involving the Providence Journal.
As Ted Nesi notes, executives with ProJo parent A.H. Belo are hardly suffering amid the ongoing certainty facing the newspaper industry: