Two St. Louis television stations are about to get a little cozier, as their parent companies become one. Virginia-based Gannett Company, which owns KSDK (Channel 5) is buying Dallas-based Belo Corporation, which owns KMOV (Channel 4).
If Belo shareholders and the Federal Communications Commission sign off on the $1.5 billion deal, Gannett will grow from 23 stations nationwide, to 43.
Because of the FCC's media ownership limits, KMOV and four other Belo Stations will operate under the independent ownership of Jack Sanders. The Phoenix man is a former Belo executive.
Gannet officials say the news and sales operations at KMOV will stay independent from those at KSDK.
The bodies of two men were found inside a University City apartment Thursday.
Univestiy City police officers had gone to the duplex in the 800 block of Pennsylvania to check the welfare of a 59 year old resident who hadn't reported to work. Police found his body inside his second floor unit, along that of a 77 year old man who lived on the first floor. Police say both men had apparently been stabbed to death.
There were no signs of forced entry into either unit, or signs of a struggle. Detectives aren't sure yet if anything was stolen.
Police are still in the process of contacting next of kin, so the victim's names have not yet been released.
Police say they are following some leads, but anyone with information is urged to call the University City Police – Bureau of Investigations at 314-725-2211 or CrimeStoppers at 866-371-TIPS (8477).
There's new hope for a long-vacant, landmark building in downtown St. Louis. A Minneapolis developer has bought the St. Louis Arcade Wright building at Eighth and Olive Streets.
Dominium Developments paid $9 million dollars for the building, and plans to spend another $100 million to turn the 18 story structure into a retail and residential center. The plan calls for about 250 apartments and three floors of retail.
City officials are working with Dominium to finance the renovations.
Work is expected to begin in December.
This is the second proposal to revitalize the landmark building. Six years ago a similar plan failed when the developer went belly-up.