McClatchy, owner of The News & Observer and The Charlotte Observer, announced Tuesday that it is selling the Anchorage Daily News for $34 million.
After the deal closes, McClatchy will publish 29 daily newspapers in 14 states.
McClatchy is selling the paper to Alaska Dispatch Publishing, an Anchorage-based company that publishes the AlaskaDispatch.com, a website that was founded in 2008.
Alice Rogoff, the company’s owner, was chief financial officer of U.S News and World Report from 1985 to 1997. She is the wife of billionaire David Rubenstein, who co-founded the private equity firm the Carlyle Group and is a member of Duke University’s board of trustees.
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McClatchy CEO Pat Talamantes said in a statement the company wasn’t looking to sell the Anchorage Daily News, “but after the Alaska Dispatch Publishing approached us, we saw the advantages of local ownership in this case and opportunities for consolidation that would strengthen both news organizations.”