The online news publication Alaska Dispatch has reached an agreement to purchase the Anchorage Daily News from McClatchy, the companies announced Tuesday.
The purchase price was $34 million, Alex DeMarban reports for Alaska Dispatch, calling the deal a "stunning media shakeup in the 49th state."
Alaska Dispatch "plans no changes to the Anchorage Daily News’ staff, content or distribution," DeMarban reports.
The purchase "includes the newspaper, ADN.com and the Daily News' building on Northway Drive in East Anchorage," the Daily News reports. "After the purchase is finalized, the building will be sold to a private local buyer, according to a statement from Alaska Dispatch, and the Daily News will continue operations as a tenant."
According to figures filed with the Audit Bureau of Circulations, the Anchorage Daily News' average Sunday circulation was 45,783 in September 2013, and its average Monday through Saturday circulation was 51,539.
Here's the press release: (more...)