New ownership is on the way for a pair of local television stations.
Quincy Newspapers Inc. has an agreement to acquire WPTA – Fort Wayne’s ABC and CW affiliate – from Malara Broadcasting Corp. And SagamoreHill Broadcasting looks to obtain WISE – the city’s NBC and MyTV affiliate – from Granite Broadcasting Corp.
The deals are contingent on federal regulatory approval, but are expected to close later this year.
If everything goes as anticipated, Quincy Newspapers of Quincy, Ill., also will manage WISE.
“We feel we fit with the area,” said Ralph Oakley, president and CEO of Quincy. “We are in medium to small markets and we’re looking forward to Fort Wayne. We’re thrilled at this opportunity.”
For more on this story, see Wednesday’s print edition of The Journal Gazette or return to www.journalgazette.net after 3 a.m. Wednesday.