ANCHORAGE, Alaska (KTUU) In an article published on its website late Saturday night, the Alaska Dispatch News declared it has filed for Chapter 11 bankruptcy protection.
According to the online article, new potential buyers are lined up to purchase the paper.
In a separate article published Saturday night, a group led by Ryan Binkley and Jason Evans said they have entered into an agreement to purchase A.D.N. and will take control of the operations Sunday.
In a statement posted online Saturday night, the owner of ADN, Alice Rogoff described the decision to turn the publication over to new owners as sad. Rogoff added in the statement, she is hopeful the publication will live on.
This announcement comes on the heels of telecommunications company, GCI filing a complaint in superior court on Friday, seeking to evict Alaska Dispatch News from the newspaper's former headquarters, and to collect what GCI claims is back rent and damages for violating its lease.
This is a developing story.