The deal is being structured so the Binkleys can take on the paper without $2.5 million in debt owed by the ADN, and that’s not going over well with the creditors.
The financial picture of the state’s largest newspaper is getting more and more grim.
The owners are the children of Fairbanks businessman and rumored Republican gubernatorial candidate John Binkley.
Today’s surprise revelation that GCI is suing to evict Alaska’s biggest newspaper from its old building was so dramatic, a few extra things shook loose….
GCI alleges the ADN owes more than $1.39 million in unpaid rent in the latest financial blow to Alaska’s largest newspaper.
The sale is described as a “strategic restructuring” for the company and is expected to be finalized on Oct. 2 of this year.
The Legislature maintained funding for public radio in this year’s budget, but cut $7.8 million from the university.
Speculating on rumors and gossip surrounding Alaska politics is a time-honored tradition. It’s time for our weekly trip through the grand, gross, weird, wild and wonderful world of Alaska politics. It’s time for Friday in the Sun.
Hello Midnight Sun readers. After a fitful night-before-Christmas sleep under the actual midnight sun in Fairbanks, Alaska, I’m excited to officially be writing here. In…
FAIRBANKS–Political journalist Matt Buxton will join The Midnight Sun as its editor and principal content contributor on June 5.