Frontiers 118, Part 2: The big dreams and debt of the Alaska Dispatch
When Alice Rogoff bought the Anchorage Daily News three years ago and renamed it “Alaska Dispatch News,” the newspaper underwent rapid expansion.
Given the paper’s growth, many Alaska Dispatch News readers were surprised to learn the paper is on the brink of going under.
In bankruptcy court filings, it was revealed that Rogoff owes at least $2.5 million to creditors that include Alaska businesses and individuals. She also owes Northrim Bank $10 million on a loan to buy the paper.
Rogoff used her own fortune to bankroll the newspaper. Her vision was to give Alaskans quality journalism, more coverage of Rural Alaska and a better understanding of its role in the Arctic.
In this segment, we look at how this dream turned into a financial nightmare.