"Craig is a clear-eyed realist, but also an optimist, and he has the energy we need to drive us forward," board Chairman Kevin McClatchy said in a statement. "I've worked closely with Craig on the board, and he has played an instrumental role in guiding the board and focusing on our digital transformation."
"This is a bittersweet moment for all of us at McClatchy. We are extremely proud of the Daily News and its employees, their exceptional service to Alaska's diverse communities and all of their contributions to McClatchy over the years," Kevin McClatchy, the company's chairman, said in a statement. "However, this sale not only makes sense from a local ownership perspective, but it also allows McClatchy to focus more resources on accelerating our digital transformation to better serve our communities."