By KTVA Web Staff 11:30 PM August 12, 2017The Alaska Dispatch News, facing a series of fiscal woes in recent months, has announced that it is filing for Chapter 11 bankruptcy and in the process of transitioning to new ownership.
The paper’s potential buyers might pay as much as $1 million for the paper, according to a story posted on the ADN’s website Saturday evening.
“We’ve worked hard to help illuminate the issues of our day and provide a platform for points of view from across Alaska.
A number of creditors have filed suit against the ADN to recoup allegedly unpaid bills, most recently KTVA’s parent company GCI, which bought the Anchorage Daily News building on Northway Drive to house KTVA’s studios when Rogoff purchased the paper for $34 million.
On Friday, GCI sued Rogoff and the paper for more than $1 million, claiming that the ADN hadn’t been keeping up with rent payments on its lease for the paper’s printing presses, still housed in the building more than 18 months after they were supposed to be removed.
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