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Tony Hopfinger plans to re-establish a Washington, D.C.-based reporter for the Anchorage Daily News, and aspires to have fulltime reporters based in Alaska hub communities.

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.