Quincy Media Inc., owner and operator of The Herald-Whig and WGEM-TV/Radio, has agreed to purchase the Hannibal Courier-Post, Missouri's oldest daily newspaper.
The move will bring control of the newspaper, now owned by GateHouse Media, back to the Hannibal area.
"This purchase helps us advance our mission of producing the highest-quality journalism and serving the interests of our local communities," said Ralph M. Oakley, president/CEO of Quincy Media Inc. "By bringing ownership back home to Hannibal, we feel the Courier-Post will shine as one of Missouri's finest local newspapers."
The purchase is expected to close later this summer.
Ron Wallace, QMI vice president of newspapers and publisher of The Herald-Whig, said he is excited to help the Courier-Post advance the ideals of local journalism.
"What this really does is give readers in Hannibal the opportunity to once again have their own paper," Wallace said. "All decisions will be made locally, backed by the financial strength and community values of QMI."
Quincy Media Inc. is one of the largest local journalism companies in the country. The family-owned company began as Quincy Newspapers Inc. in 1926, the result of the merger of the Quincy Herald and the Quincy Whig. It entered the broadcast business in Quincy in the 1940s and 1950s. The company changed its name to Quincy Media Inc. in 2016 and now has properties in 16 television markets.
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