FORT WAYNE, Ind. (WANE) – Two Fort Wayne television stations have been sold, according to a statement released Tuesday morning.
Quincy Newspapers, Inc. has entered into a definitive agreement to purchase WPTA-TV, an ABC and CW Network affiliate from Malara Broadcasting. WISE, an NBC and My Network affiliate, will be purchased by SagamoreHill of Indiana from the Granite Broadcasting Corporation.
The deal is pending federal regulatory approval and is expected to close later this year. Financial terms were not disclosed in the statement.
Quincy will operate both stations under a shared services agreement which is similar to the way operations are currently managed.
Quincy is a private family-owned operation based in Quincy, Ill.
Quincy is also acquiring Granite stations in Peoria, Ill., Deluth, Minn., and Binghamton, NY. Upon approval, Quincy will operate 23 stations in 14 markets. Quincy also operates two radio stations and daily newspapers in Illinois and New Jersey.
SagamoreHill is a privately owned company with properties in four markets.