The purchase includes the newspaper, its website and the newspaper’s headquarters in Anchorage. The Dispatch intends to sell the real estate holdings to a local buyer, and the newspaper will continue to be housed in its current location in East Anchorage as a tenant.
The sale of the Anchorage Daily News comes after other high-profile newspaper purchases lately.
Amazon founder Jeff Bezos bought The Washington Post last year for $250 million.
Billionaire Warren Buffett’s company, Berkshire Hathaway, owns 31 small- and medium-sized daily newspapers. It has bought most of those newspapers since 2011 at bargain prices. Including weekly papers and other publications, Berkshire owns 70 newspapers.