A report received Tuesday morning:
WPTA-TV (ABC/CW) is being acquired by Quincy (IL) Newspapers, Inc. from Malara Broadcasting Corporation. Concurrently, WISE (NBC/MyTV) is being sold from Granite Broadcasting Corporation to SagamoreHill Broadcasting. The acquisitions are subject to federal regulatory approval and expected to close later this year.
WPTA, owned by Quincy will operate WISE, owned by SagamoreHill of Indiana under a shared services agreement. The stations currently operate in a similar fashion.
Quincy is a private family owned company with fifth and sixth generation family members working in the company.
"We are thrilled to acquire WPTA and to operate it and WISE," said Ralph M. Oakley, President and Chief Executive Officer of Quincy and a fifth generation family member of the company. "We are home town broadcasters, very involved in the communities and regions we serve. We look forward to being in the Ft. Wayne market. We have owned and operated WSJV (FOX) in the South Bend/Elkhart market for nearly 40 years and are very familiar with northern and northeastern Indiana."
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.
Quincy is also acquiring Granite Broadcasting owned stations in Peoria (WEEK-NBC), Duluth, MN (KBJR-NBC/MyTV) and Binghamton, NY (WBNG-CBS/CW). It will also operate other stations in Peoria 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.
SagamoreHill Broadcasting is currently in four markets. It is privately owned and led by Louis Wall, its President/Chief Executive Officer.