The synthesis and a comprehensive spectroscopic and photophysical study are presented of four alternating binaphthyl-oligothiophene copolymers (DP: 10-15 repeat units) in solution at room and low temperature and in the solid state (thin films). Detailed results are presented on absorption, emission, and triplet-triplet absorption spectra together with all relevant quantum yields (fluorescence, intersystem crossing, internal conversion, and singlet oxygen formation), excited-state lifetimes, and singlet and triplet energies. From these, several conclusions can be drawn. First, the main deactivation channels for the molecules in solution are the radiationless processes (S-1 -> S-0 internal conversion and S-1 -> T-1 intersystem crossing). Second, in the solid state the fluorescence quantum yields are smaller than those in solution. From time-resolved fluorescence decays in the picosecond time domain, three decay components are seen: a fast decay (40-60 ps) at short wavelengths, which becomes a rising component at longer wavelengths, an intermediate decay component (330-477 ps) associated with an ensemble of isolated segment-like units, which is dominant at the initial part of the emissive spectra and progressively decreases for longer emissions, and a third exponential related to the emission of the fully relaxed polymer. Together with steady-state anisotropy studies, this is discussed in terms of the possibilities of energy migration/transfer along the polymer chain and of the conformational (torsional) relaxation of the systems studied.