David M. Rubenstein

She bet on the future of print news and bought Alaska's largest daily paper. Now she's lost it in a bankruptcy fire sale

She bet on the future of print news and bought Alaska's largest daily paper. Now she's lost it in a bankruptcy fire sale

One of Alice Rogoff’s first moves as the new owner and publisher of Alaska’s largest newspaper was to demonstrate her faith in paper and ink. After paying $34 million for the Anchorage Daily News in 2014 and changing its name to the Alaska Dispatch News, she went out and bought a new printing press.

“I don’t see an end to print,” said Rogoff, a former publishing executive in Washington, D.C., who maintained a long-distance marriage with her billionaire husband after she fell in love with Alaska. “If I could see it, I’d be preparing for it. We’re not.”

That was evident this week. The paper, founded in 1946, was on the verge of shutting down when a federal bankruptcy judge...

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