Alaska’s Largest Newspaper Is Being Sold to Web Rival

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Alaska Dispatch Publishing, owner of digital news magazine Alaska Dispatch, has agreed to buy the Anchorage Daily News from The McClatchy Company for $34 million.

The deal will unite the most well-read Alaskan website with its largest newspaper. McClatchy, a media conglomerate that owns 30 newspapers, has held an ownership stake in the paper since 1979.

Pat Talamantes, McClatchy’s president and CEO, said bringing the newspaper under local ownership would be advantageous

“The Anchorage Daily News is a profitable newspaper that makes us proud journalistically,” Talamantes said in …

More about Business, Media, Us, and Alaska …read more

Via: Mashable: Business

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