McClatchy reaches deal to sell Anchorage Daily News to Alaska Dispatch Publishing
The McClatchy Company, publishers of the Sacramento Bee, announced today that it would sell the Anchorage Daily News to Alaska Dispatch Publishing LLC for $34 million.
“The Anchorage Daily News is a profitable newspaper that makes us proud journalistically,” said Pat Talamantes, McClatchy’s president and CEO. “We weren’t looking to sell the Daily News, but after Alaska Dispatch Publishing approached us, we saw advantages to local ownership in this case and opportunities for consolidation that would strengthen both news organizations.”
McClatchy’s ownership of the Anchorage Daily News dates back to 1979 when it secured a 80 percent stake. The investment was the first for the newspaper company outside the Central Valley of California where the company owned the Fresno Bee and other papers.
“This is a bittersweet moment for all of us at McClatchy,” said Kevin McClatchy, chairman of McClathcy. “We are extremely proud of the Daily News and its employees, their exceptional service to Alaska’s diverse communities and all of their contributions to McClatchy over the years. However, this sale not only makes sense from a local ownership perspective, but it also allows McClatchy to focus more resources on accelerating our digital transformation to better serve our communities.”