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GUY GANNETT PUBLISHING CO. ANNOUNCES AGREEMENT TO PURCHASE WICD-TV

 PORTLAND, Maine, Oct. 26 /PRNewswire/ -- Guy Gannett Publishing Co. today announced it has agreed to acquire WICD-TV, an NBC affiliate in Champaign, Ill. The acquisition will be complete upon FCC license transfer.
 WICD is a UHF station operating on Channel 15. It is one of two NBC affiliates operating in the Springfield-Decatur-Champaign market, the other being Guy Gannett's Springfield, Ill. station, WICS-TV. During the 1960s, an operating agreement developed between the two stations which allowed them to jointly sell advertising and to share national and syndicated programming. Springfield-Decatur-Champaign is the 77th largest TV market in the country, and the second most geographically widespread.
 Michael L. Bock, vice president of television for Guy Gannett Publishing Co. made the announcement, stating, "We are anxious to begin operating WICD-TV and to become a part of a very exciting Champaign community. Of course, the joint operating arrangement between the two stations will continue following the completion of all FCC approvals." Other terms of the transaction were not disclosed.
 James B. Shaffer, president and CEO of Guy Gannett Publishing Co. said of the purchase, "This acquisition fits Guy Gannett Publishing Co.'s strategy of buying properties that are synergistic with those we now own. The long-standing relationship between WICD and WICS makes this an obvious business opportunity."
 Guy Gannett Publishing Co. has approximately 1,700 employees, is privately-held, and is not related to the publicly-traded Gannett, Inc. media company.
 In addition to its Illinois stations, Guy Gannett owns three other network affiliate television stations: WGME-TV, NewsChannel 13 in Portland (Maine); WGGB-TV, Springfield (Mass.); and KGAN-TV, Cedar Rapids, (Iowa).
 The company also owns The Portland Newspapers, which publishes the "Portland Press Herald" and the "Maine Sunday Telegram;" Central Maine Newspapers, which publishes the "Kennebec Journal" in Augusta, the "Central Maine Morning Sentinel" in Waterville and the "Coastal Journal" in Bath; and Minnesota Sun Publications, a chain of 23 community newspapers in suburban Minneapolis. In addition, Guy Gannett owns Shakopee Valley Printing, a commercial printer in the Minneapolis area, and multi-tenant broadcast towers in the Orlando and Miami areas.
 -0- 10/26/93
 /CONTACT: Deborah Rumery, corporate communications of Guy Gannett Publishing Co., 207-828-8119/


CO: Guy Gannett Publishing Co.; WICD-TV ST: Maine, Illinois IN: PUB SU: TNM

DJ-JL -- NE009 -- 6822 10/26/93 10:43 EDT
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Publication:PR Newswire
Date:Oct 26, 1993
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