Alaska Dispatch News Begins Layoffs

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Alaska's largest newspaper saw heavy staff cuts this week after emerging from bankruptcy with new owners.

Earlier this month, a federal judge approved the purchase of the Alaska Dispatch News by the Fairbanks-based Binkley Company.

The new ownership group is made up of members of the Binkley family that owns tour operations Riverboat Discovery and Gold Dredge 8.

They paid $1 million dollars for the paper after they helped guide it through Chapter 11 bankruptcy.

The paper's new owners had pledged to make the paper solvent again, as it was losing an estimated $18,000 dollars per week at the time it entered bankruptcy court.

Yesterday, co-owner Ryan Binkley announced widespread cuts in all departments at the paper.

He called the cuts painful, but necessary to keep the ADN afloat.

A Dispatch News reporter said 17 positions were cut in the newsroom.
Among those cut were some of the paper's most recognizable employees, including prominent Fairbanks columnist, Dermot Cole.