Online website buys print publication
A lot of competition is going on in the world or journalism with print and online media fighting for ad dollars. On occasion, a print publication will buy a website, as the NYT did years ago with About.com, which it has since sold off. An Alaskan website called Alaska Dispatch has announced that it has signed a deal to purchase The Anchorage Daily News.
Don't Miss: Amazon 12 Days of Deals
The print paper has been around for 68 years and has two Pulitzer Prizes to its name. The purchase is costing $34 million and is expected to close in May. The purchase brings the Anchorage Daily News back to local ownership for the first time in 35 years.
“The Anchorage Daily News is a profitable newspaper that makes us proud journalistically,” he said. “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.”
Alaska Dispatch was founded in 2008 and focuses on local news over national news. The site is also said to play an important role in investigative and public service journalism. Alaska Dispatch co-founder Tony Hopfinger said that there are no plans to change the staff, content, or distribution of the anchorage Daily News.
The new purchase sees Alaska Dispatch's staff grow from 30 to about 120. Once the deal closes the Anchorage Daily News building in East Anchorage will be sold to a local buyer.