TV Station Owner Quincy Media Up for Sale

Quincy Media, an owner of more than a dozen network affiliates in the Midwest, confirmed Thursday that it has put itself up for sale.

“We think the timing is right for our shareholders,” President and CEO Ralph M. Oakley said in a news release.

Quincy owns or operates 21 network affiliates in 15 markets, all but three of them in small and medium Midwestern markets. It holds two major network affiliations in five of the markets.

The company got its start in the newspaper business in 1926 and still owns two newspapers, as well as two radio stations in Quincy, Ill. It has more than 1,000 employees.