The owner of the Rochester's KTTC-TV station announced Tuesday that it's acquiring four more stations, including one in Duluth.
Quincy Newspapers Inc., which has owned KTTC since 1974, is buying KBJR-TV and its satellite, KRII-TV, in Duluth, Minn.; WEEK-TV in Peoria/Bloomington, Ill.; WPTA-TV in Fort Wayne, Ind. and WBNG-TV in Binghamton, N.Y. from New York City-based Granite Broadcasting Corp.
Financial terms of the purchase were not released.
The deal also includes Quincy providing operating services to four other stations in the same type of the relationship that KTTC has with Fox affiliate KXLT-TV in Rochester. Those stations include KDLH-TV in Duluth, WISE-TV in Fort Wayne as well as WHOI-TV and WAOE-TV in Peoria/Bloomington.
The sale will not be official until it's approved by the Federal Communications Commission. If approved, Quincy's portfolio will grow to 23 stations in 14 markets. QNI also owns and operates two radio stations plus a newspaper in Quincy, Ill., along with a newspaper in Newton, N.J.
Jerry Watson, KTTC's general manager and one of Quincy's two regional vice presidents, says the timing of the FCC decision is hard to anticipate, but it usually takes a few months. A lot of final details cannot be worked out until that approval. However, Watson says this is a positive step for Quincy and Rochester.
"The good news is that Quincy is one of the very few small broadcast groups who are looking to grow. Unlike the investment firms buying up stations, the Oakley family (who own Quincy Broadcasting) are truly owner-operators. That's why I've stayed with them for 25 years," he says. "Picking up new stations is fun and we get to ride in like white knights."
Quincy purchased stations in Wisconsin and Iowa in 2006 and 2009.
“We are thrilled to acquire these stations as well as the operating agreements for the others,” stated Ralph M. Oakley, president-CEO of Quincy, in an announcement Tuesday. “Our company is committed to the communities and regions it serves by providing the best in local news, community affairs and entertainment.”
These new stations will add more work for the already-busy Watson, who already is in charge of six broadcast markets in four states. The plan is for him to take over the management of the Peoria/Bloomington market. He already is in charge of the Illinois stations in Quincy and Rockford. The other regional vice president will manage the other seven markets.
It's possible this acquisition also could add more duties in Rochester, if any of these stations are added to the broadcasting "hub" based at KTTC. Rochester already handles the master control broadcast services for Quincy's operations in Sioux City and Cedar Rapids, Iowa.
"As the hub, we're the center of the spokes of the wheel. We could easily take on more," said Watson. "We're in a good position here in Rochester."