Alaska Dispatch News Will Be Able to Pay Carriers, But Newspaper is Still On the Brink
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Annie Zak | Alaska Dispatch News
A federal bankruptcy judge and Northrim Bank on Thursday allowed Alaska Dispatch News to use $80,000 of its money to pay its carriers, ensuring that the newspaper will continue to be delivered and barely hitting a cutoff time to get the checks out. At Thursday's hearing, attended by a bevy of attorneys in person and over the phone, Alaska Dispatch News also asked the court to approve a loan of up to $1 million from potential buyers, to approve payment of past-due health insurance premiums for employees, and to approve payment of employee wages.
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