Alaska's Largest Newspaper to Merge With Web Rival
 

Alaska's Largest Newspaper to Merge With Web Rival
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Alaska Dis***** Publishing, owner of digital news magazine*Alaska Dis*****, 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.

See also: U.S. Adults Spend 11 Hours Per Day With Digital Media


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*an Anchorage Daily News report.*"We weren't looking to sell the Daily News, but after Alaska Dis***** Publishing approached us, we saw advantages to local ownership in this case, and opportunities for consolidation that would strengthen both news organizations." Read more...

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