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Alaska newspaper sold to online rival
April 9th, 2014
11:45 AM ET

Alaska newspaper sold to online rival

By Brian Stelter, CNN

Five years ago, the largest newspaper in the state of Alaska, the Anchorage Daily News, published a skeptical Q&A with the editor of a startup news Web site called the Alaska Dispatch.

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 (AMZNFortune 500) CEO Jeff Bezos bought The Washington Post as a personal investment.)

Read more of Brian's story online here.

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