How Alaska’s Largest Newspaper Went Bankrupt

When Alice Rogoff bought Alaska’s largest newspaper from media publishing chain McClatchy in 2014, she was making a bullish bet on the state and what she saw as its expanding role in the nascent economy of the far north. Oil prices were cruising above $100 per barrel. The shrinking Arctic ice pack seemed to indicate surefire growth in shipping, oil and gas development, and fishing. Russia loomed as a vague but steady threat, ensuring the continuation of—and a possible increase in—military spending.

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