Petersburg Pilot -

Judge approves $1M loan for Alaska newspaper amid bankruptcy

 

August 31, 2017



ANCHORAGE, Alaska (AP) — A federal bankruptcy judge has approved a $1 million loan for the Alaska Dispatch News to keep it operating as negotiations continue with potential buyers.

The newspaper will use the loan from potential buyers approved Monday to continue paying insurance premiums and employees, KTUU-TV reported. Without the loan, Alaska Dispatch News could not afford its ongoing expenses and would have to fold, said Cabot Christianson, the newspaper’s lawyer.

The Anchorage-based newspaper filed for bankruptcy on Aug. 12. Last week, a judge and Northrim Bank allowed Alaska Dispat...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2017