The University of Missouri St. Louis announced last week that it will acquire WQUB-FM in Quincy, Ill., from owner Quincy University. After the sale is completed in the next few months, UMSL’s St. Louis Public Radio will take over operations at WQUB, and the station will be renamed Quincy Public Radio.
Quincy University President Robert Gervasi said in 2009 that the university was having trouble contributing about $235,000 a year to run WQUB, according to the Quincy Herald-Whig. That amounted to about 55 percent of the station’s annual operating costs. Gervasi had sought additional financial support from prospects in Quincy, and the university transferred operations of WQUB to an local NBC affiliate, which resulted in layoffs.
Public Radio Capital represented UMSL in the deal with Quincy University.