23 jobs to be lost in sale of newspapers hannibal.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hannibal.net Daily Mail and Mail on Sunday newspapers.
QUINCY â The Quincy Herald-Whig and Hannibal Courier-Post have been sold to Phillips Media Group LLC, headquartered in Arkansas. The sale is expected to close with Phillips becoming the new owner on Monday, March 1.
The announcement was made by Quincy Media Inc. President and CEO Ralph M. Oakley and Phillips Media Group President Jim Holland in a news release Friday. The sale ends the almost 95 years of publishing The Herald-Whig by Quincy Media Inc., which changed its name from Quincy Newspapers Inc. in 2016. QMI purchased the Hannibal Courier-Post in 2019.
âThe newspaper business is changing dramatically,â Oakley said in the release. âThat, along with our decision to leave the media business entirely is the driving force in this decision.â
QUINCY, IL. (WVVA) - The Board of Directors of Quincy Media, Inc. has begun marketing the company for sale.
It was announced today by Ralph M. Oakley, President and CEO of the company.
“We think the timing is right for our shareholders,” said Oakley, who is also a member of the QMI board.
“We are very proud of our nearly 100-year history of the Oakley and Lindsay families working together to build a multi-media company that has served its communities with distinction. We are also very proud of the over 1,000 of our colleagues who work in the company and their outstanding contributions.”
QUINCY â The Board of Directors of Quincy Media Inc., the company that owns The Herald-Whig, Hannibal Courier-Post and WGEM-TV-AM-FM, has begun marketing the company for sale. QMI President and CEO Ralph M. Oakley announced the move Thursday morning.
âWe think the timing is right for our shareholders,â said Oakley, who is also a member of the QMI board. âWe are very proud of our nearly 100-year history of the Oakley and Lindsay families working together to build a multimedia company that has served its communities with distinction. We are also very proud of the over 1,000 of our colleagues who work in the company and their outstanding contributions.â