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Published in the Quincy Herald-Whig on August 31, 2024
QUINCY - Carpenter Media Group and Phillips Media Group announced Friday they have reached an agreement for CMG to acquire PMG's 16 community newspapers spread across Arkansas, Missouri and Illinois, including The Herald-Whig and the Hannibal Courier-Post.
Dirks, Van Essen & April, a media merger and acquisition firm based in Santa Fe, N.M., represented Phillips Media Group in the transaction. Terms were not disclosed.
Also acquired in the sale are the Baxter (Ark.) Bulletin, Harrison (Ark.) Daily Times, Newton County (Ark.) Times, Big Nickel, Bolivar (Mo.) Herald-Free Press, Buffalo (Mo.) Reflex, Cedar County (Mo.) Republican, Christian County (Mo.) Headliner News, Kirksville (Mo.) Daily Express, Marshfield (Mo.) Mail, NEMO Trader, Sedalia (Mo.) Democrat, Warrensburg (Mo.) Star-Journal, and West Plains (MO) Daily Quill, as well as Nowata Printing Co., in Springfield, Mo.
"It has been a pleasure to own and operate these great publications," said Rupert Phillips, PMG's president and CEO. "Their future will be in good hands with Carpenter Media Group, a company focused on continuing the tradition of providing a quality newspaper for their local communities."
CMG is organized and driven to serve and develop communities through excellent local journalism, guiding the marketing and advertising of its small and medium-sized business customers and developing its team members to grow personally and professionally.
"We feel fortunate to succeed Rupert Phillips and his team in these communities with these newspapers that are so important to each one" said Todd Carpenter, chairman of CMG. "To work with a group like this is a pleasure and privilege because of the quality of the company, the people and the good foundations they put down."
Prior to chairing CMG, Carpenter was a longtime CEO and director of Boone Newsmedia, Inc., which, including CMG's holdings along with its own, managed 85 newspaper titles, various magazines, websites and other businesses in 12 states. After separating CMG holdings last year from BNI and recent acquisitions, CMG now owns and manages over 250 titles in the U.S. and Canada.
The Herald-Whig along with the Courier-Post were sold to Phillips Media Group in 2021.
Both were owned by Quincy Media Inc., which published The Herald-Whig for nearly 95 years. QMI purchased The Courier-Post in 2019.
QMI sold its television and radio assets, including WGEM, in 2021 to Gray Television.
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FOR IMMEDIATE RELEASE: January 8, 2025 Contact Information: Christopher Weishaar Digital Public Relations Specialist cweishaar@studentloan.org (515) 273-7140
Six $1,500 scholarships now open to Midwest high school seniors High school seniors from six Midwest states have a chance to earn the scholarships
WEST DES MOINES, IOWA — High school seniors from Illinois, Kansas, Missouri, Nebraska, South Dakota and Wisconsin now have a chance to receive one of six college scholarships worth $1,500. Registration is open now through April 30, 2025. Parents are also able to register their student. High school seniors or their parents may register for the ISL Midwest Senior Scholarship at www.IowaStudentLoan.org/Midwest. ISL Education Lending will award $1,500 scholarships to six students whose names are randomly drawn after the registration period. There are no financial need, grade point average or class rank requirements. The ISL Midwest Senior Scholarship can be used at any eligible institution in the United States. Registered participants also receive emails highlighting financial literacy tips, such as the importance of early career and college planning and ways to reduce student loan indebtedness. “Student loan debt is a huge concern for new college students,” said Steve McCullough, president and CEO of ISL Education Lending. “As a nonprofit, we provide tools and resources to help high school seniors plan so they can reduce the amount of debt they need to take on while achieving their education goals. Students sign up for a chance at a $1,500 scholarship, and we take that opportunity to share information with them about our free resources.” The ISL Midwest Senior Scholarship is open to legal U.S. citizens who are seniors at a high school in one of the qualifying states during the 2025-2026 school year and who intend to attend college, either virtually or physically, in fall 2025. It is a no-purchase-required program, and full rules and details are available at www.IowaStudentLoan.org/Midwest. Additional Resources Available In addition to offering student loans, ISL Education Lending has other resources for families planning for college and for students who intend to pursue advanced degrees. The Parent Handbook consists of valuable tips to help families of students in sixth through 12th grades prepare for success in college and other postsecondary options. Parents of students in eighth through 12th grades can also sign up to receive twice-monthly emailed tips on academic, college and career planning through the Student Planning Pointers for Parents program. The College Funding Forecaster helps families understand the total cost of four years of college based on a freshman-year financial aid offer. Information about these resources is available at www.IowaStudentLoan.org/SmartBorrowing.
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