UPDATE: FCC Allows Media Mergers

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The FCC last week approved the mergers of Belo Corp. and Gannett Co. (see "TUOL" post 6/13/13) and the Tribune Co. acquisition of Local TV LLC (see "TUOL" post 7/1/13), Broadcasting & Cable's Web site reported.

The FCC found that neither consolidation violated its rules and considered both acquisitions in the public interest.