Family-owned Quincy Media Inc. has agreed to acquire the Hannibal (MO) Courier-Post, which is located across the Mississippi River from Quincy's daily newspaper, the Herald-Whig, and broadcast stations.
The seller, GateHouse Media, had owned the Courier-Post since 2007, when it acquired the daily as one of several publications from Morris Publishing Group.
Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, New Mexico, represented Quincy Media in the transaction. Terms of the transaction were not disclosed.
In addition to the Herald-Whig, Quincy Media operates WGEM-TV/Radio in Quincy and other media operations around the country.
"This purchase helps us advance our mission of producing the highest-quality journalism and serving the interests of our local communities," said Quincy Media President and CEO Ralph M. Oakley, a fifth-generation member of the family owners. "We feel the Courier-Post will shine as one of Missouri's finest local newspapers."
The transition will bring ownership closer to the Hannibal community, said Ron Wallace, Quincy's vice president of newspapers and the Herald-Whig's publisher. Quincy is about a 30-minte drive to Hannibal, and the Courier-Post will help Quincy Media build its regional presence, Wallace said.
Quincy Media Quincy Newspapers Inc. in 1926 when two Quincy newspapers merged to create the Herald-Whig. It has since moved into broadcast news and changed its names to Quincy Media in 2016 with properties in 16 television markets.
GateHouse Media publishes more than 140 daily newspapers, 340 community publications and 570 local market websites in 37 states.