Petersburg Pilot -

ANCHORAGE, Alaska (AP) — The Alaska Dispatch News has announced it is filing for Chapter 11 bankruptcy and is in the process of transitioning to new ownership.

KTVA reports the newspaper’s potential buyers might pay as much as $1 million for the paper. Those buyers included four siblings — Ryan Binkley, Wade Binkley, James Binkley and Kai Binkley Sims — as well as Alaska Media LLC, publisher of the Arctic Sounder, The Bristol Bay Times and the Dutch Harbor Fisherman.

A statement from Dispatch News publisher Alice Rogoff called the decision bittersweet. But she expressed pride in the...