By Brian Stelter, CNN
At the time the Dispatch was a part-time job for its founders. It was accepting donations from readers to pay for Web servers. The Anchorage Daily News editors asked if the Alaska Dispatch was "a business or a hobby?" and if "a blogging project like Alaska Dispatch is sustainable?"
It's clearly no longer a hobby. And it apparently is sustainable. On Tuesday, the Alaska Dispatch boughtthe newspaper for $34 million.
The sale is further affirmation of the rise of digital news operations. It appears that no other similarly-sized newspaper has been swallowed up by an online rival. (Amazon (Fortune 500) CEO Jeff Bezos bought The Washington Post as a personal investment.),
Read more of Brian's story online here.