February 11, 2014
Updated Feb 11, 2014 at 7:38 AM CST
KBJR 6 and Range 11 are being acquired by Quincy (IL) Newspapers, Inc. from Granite Broadcasting Corporation. The acquisition is subject to federal regulatory approval and is expected to close later this year.
Also, KDLH 3 is being acquired by SagamoreHill Broadcasting, from Malara Broadcasting and is also subject to federal regulatory approval. KBJR will continue to operate its satellite, KRII and KDLH under a shared services agreement.
Quincy is a private family owned company with fifth and sixth generation family members working in the company.
“We are thrilled to acquire KBJR and KRII and to operate them as well as KDLH,” said Ralph M. Oakley, President and Chief Executive Officer of Quincy and a fifth generation family member with the company. “We are home town broadcasters, very involved in the communities and regions we serve. Our station in Rochester has worked closely with KBJR. Further, the Wisconsin High School State Finals (WIAA) which our company produces and carries on its Wisconsin stations.
Peter Markham, CEO of Granite Broadcasting said, "we are very proud of the great work our stations have done to position Granite as a leading innovator in local media. Quincy shares the same commitment to our local communities and customers and has a long-term commitment to our industry and employee growth opportunities. We could not have found better stewards for these markets going forward."
In addition to market leading television stations, Quincy also operates an Interactive division that works with its stations to provide community leading websites, social sites, mobile sites and market leading top of the line interactive marketing solutions.
In addition to the Duluth/Superior market, Quincy is also acquiring Granite owned stations in Peoria (WEEK-NBC/MyTV), and Binghamton, NY (WBNG-CBS/CW). It is also acquiring WPTA (ABC/CW) in Ft. Wayne, IN from Malara Broadcasting. It will also operate other stations in Peoria and Ft. Wayne under shared services agreements.
With the acquisitions in four markets Quincy will now own and/or operate 23 stations in 14 markets, mostly in the Midwest. In addition, the company owns two radio stations and daily newspapers in Quincy and Newton, New Jersey.
SagamoreHill Broadcasting currently has stations in four markets. It is privately owned and led by Louis Wall, its President/Chief Executive Officer.
More information about the company can be found at www.careersatquincy.com.