![]() Quincy Media began as Quincy Newspapers, Inc. “We appreciate the trust that the Oakley and Lindsay families have placed in us as the group to continue covering the news and community milestones for the subscribers of the Herald-Whig and Courier Post,” said Jim Holland, president of Phillips Media Group. Ron Wallace, who has served as vice president and publisher of the Herald-Whig since 2013 will continue in that role. It is a great outcome for our region and for the employees who will continue on with Phillips,” said Oakley. “While it was certainly a difficult decision for us, we are very pleased to sell these important newspapers to a longtime publisher such as Phillips Media. That sale, subject to federal regulatory approval, is expected to be complete in the second or third quarter of 2021. Quincy Media announced recently the sale of its television and radio stations, including WGEM AM-FM-TV to Gray Television. “That, along with our decision to leave the media business entirely is the driving force in this decision”. Oakley, president and CEO of Quincy Media. “The newspaper business is changing dramatically,” said Ralph M. No terms of the transaction were announced. The Hannibal Courier Post was purchased in 2019.ĭirks, Van Essen & April, a media merger and acquisition firm based in Santa Fe, NM represented Quincy Media in the transaction. Quincy Media has owned and published the Herald-Whig for almost 95 years. Oakley, president and CEO of Quincy Media, Inc., and Jim Holland, president of Phillips Media Group. The sale is expected to close with Phillips becoming the new owner on March 1, 2021. The Quincy (IL) Herald-Whig and Hannibal (MO) Courier Post have been sold to Phillips Media Group, LLC, headquartered in Arkansas.
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