A media shakeup is in the works as online news outlet Alaska Dispatch announced its plan Tuesday to purchase the Anchorage Daily News.
The sale, which is set to close in May, is estimated to cost $34 million.
According to Alaska Dispatch Publishing, the sale covers the Anchorage Daily News, the ADN.com website and the paper’s property and operations in Anchorage.
Bob Weil, vice president of operations for the McClatchy Company, which owns the newspaper, says the company started negotiations with the online organization news organization back in October.
He spoke to KTVA regarding the decision to sell.
“We believe that local ownership here in this particular marketplace has certain advantages,” Weil said. “We thought that the two organizations working together and merging together over time will provide a stronger foundation of journalistic excellence.”
Alaska Dispatch Publisher and Chief Executive Alice Rogoff, along with co-founder Tony Hopfinger, will oversee both news organizations when the sale is complete.
“Alaska Dispatch plans no changes to the Anchorage Daily News’ staff, content or distribution,” Hopfinger said.
He says there are also no immediate plans to eliminate staff at the Anchorage Daily News.
The announcement of the sale noted the Anchorage Daily News would continue operations as a tenant from its East Anchorage location.
The real estate assets will be sold to GCI for an undisclosed sum.
GCI is the parent company of KTVA 11 News.