Inside Story of Belo’s Purchase of Providence Journal

This is ancient history, except for us media folk. Tom Matlack negotiated the 1996 acquisition — called a merger at the time — from the Journal side. As a part of a series of autographical vignettes, he gives a dramatic account, unfortunately short on details, of how the deal went down at a price of $1.54 billion, significantly more than Belo originally wanted to pay.

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