February 11, 2014
Updated Feb 11, 2014 at 9:46 AM CST
WEEK-TV (NBC) is 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.
Quincy is a private family owned company with fifth and sixth generation family members working in the company.
“We are thrilled to acquire WEEK which is the market leader,” said Ralph M. Oakley, President and Chief Executive Officer of Quincy and a fifth generation family member in the company. “We are home town broadcasters, very involved in the communities and regions we serve. We began in radio and television in Quincy in the 1940s and 50s and expanded to Rockford in the 1990s. We have always wanted to have a presence in Central Illinois and are thrilled to have that happen”.
WEEK will continue to operate WHOI and WAOE under shared services agreements.
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 Peoria/Bloomington market, Quincy is also acquiring Granite owned stations in Duluth, MN (KBJR/NBC) and Binghamton, NY (WBNG/CBS). The company is also acquiring WPTA (ABC/CW) in Ft. Wayne, IN from Malara Broadcasting. It will also operate other stations in Ft. Wayne and Duluth 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.
More information regarding the company is available at www.careersatquincy.com.