Anchorage Daily News on the Brink
Updated version of print story originally appearing in in ECHO NEWS, September 14, 2017.
Once Anchorage was a two-newspaper town; we had three television stations delivering supplemental news in black and white, with color highlights during the early 1960s.
As a kid carrying the lightweight Anchorage Daily News along the length of 5th Avenue from Alaska Sales & Service to Airport Heights Road, I had it easier than the Anchorage Times carriers with all that paper’s advertising bulk.
Today the re-purposed Alaska Dispatch News looks to be heading toward liquidation under Chapter 7 bankruptcy instead of reorganization under Chapter 11 as the latest publisher had hoped. If so, this is a tragedy nobody could have predicted might happen after it had come so close to this in the 1970s.
As of Monday, September 11, 2017 however the Daily News has been purchased by the Binkley Family of Fairbanks. Upon being asked if that move was rational, the Binkley representative said: I’m representing three irrational Fairbanksans who think they’re doing the right thing. He confessed that the Binkleys might be doing the same as Alice Rogoff once did, but he was confident they could do it better and make it work.
Ryan (Binkley) had a simpler explanation: We’re riverboat gamblers, he said.
Unfortunately Liberal Editorial policy under the new owners has assured ADN’s continuous decline. They just don’t get it: The newspaper has always had a liberal bent, but has become hard-left starting with the transfer to Rogoff in 2017, according to the latest report in Must Read Alaska.
[1] Anchorage Daily News hemorrhaging cash, will reduce print to twice weekly and cut staff, Suzanne Downing, Must Read Alaska, April 11, 2024
We have been here before.
The company is on track to lose a record $8 million this year, and remains deeply in debt to Northrim Bank. Northrim helped Rogoff swing the $34 million deal to buy the News. She paid McClatchy about half of what the Boston Globe, a newspaper seven times bigger than the Daily News, sold for a year earlier.
[2] Background on the Rogoff business collapse: Lost in the Weeds, Craig Medred, September 1, 2017
Born to be an Alternative to the Status Quo
Norman Brown had started the Daily News in 1949 as a knee-jerk reaction to the powerful interests of Robert Atwood, one of the leading promoters of Alaska statehood. The Times was the newspaper of record and a predominant voice of Alaska commerce and politics.
[3} Read my story about accosting Bob Atwood during early 1980s!
How to Right Good
Daily Newspapers for my delivery arrived each afternoon in bundles tied with string. I loaded them into front and back carrier bags over my shoulders, so I could pump my heavy bike with balloon tires from the Martin Arms Apartment complex–where I lived at 3rd Ave. and Unga St.–all around the route. No matter the weather, year-round after school or during summer break, that was my job. The people who hung around flight operation businesses along Merrill Field sometimes made fun of my puny papers, but no carriers of the Times independently purchased 10 extra subscriptions of their paper and sold them individually at bush carrier waiting areas, to gain pockets full of silver dimes.
I was pushy and people bought MY papers.
The Daily News has its roots as an underdog newspaper, and while I was politically oblivious as a youth to why theTimes was a bigger paper, the money was good for a 13-year-old with little parental supervision.
Larry and Kay Fanning purchased the Daily News from the retiring Browns in 1967. Larry was formerly managing editor at the San Francisco Chronicle and later, editor at the Chicago Daily News, where he worked for Kay’s ex-husband, Marshall Field IV. Marshall had died shortly after divorcing Kay and she brought her three kids north from Chicago on their Alaska Adventure, where she had landed a job writing for the Daily News. With her inherited money and shared ambition to further this alternative voice, the enterprise began building in journalistic stature.
Tragedy struck again for Kay in 1971 with the death of Larry from a heart attack at his editor’s desk at age 57. She was a widow for the second time and endeavored to make her financially strapped paper Alaska’s version of Katharine Graham’sWashington Post.
I remember, as a reporter for the Daily News in the mid-1970s, headlines from the Watergate Scandal rattling across the teletype machines with shrill stories from the Washington Post.
[4] Watergate Scandal
Richard Nixon may have won the presidency in a landslide in 1972, but all it took was a bunch of bumbling burglars at the the National Democratic Party headquarters in the Watergate Complex with help from Mainstream media hyenas to bring Tricky Dick down .
[5] 1972 Presidential Election
We all knew Alaska was destined for great wealth after the discovery of oil at Prudhoe Bay and the Billion Dollar Lease Sale of 1969 but many institutions such as Alaska Methodist University and the Daily News were on the brink of bankruptcy. The Fannings had recruited a cadre of young reporters for their Journalism crusade and the Methodist Church was looking for ways to make its valuable Alaska university investment appealing to parents with means who were not necessarily Methodist. This was the breach I bolted into as a young man–ultimately getting a bachelor degree from AMU and simultaneously working as a full reporter at the Daily News upon graduation from what is now Alaska Pacific University.
At the urging of then state senator Nicholas Begich I took out loans from the Alaska Commission on Post-Secondary Education to attend college at the new Anchorage Community College located at Lake Otis Parkway and Providence Drive in Midtown Anchorage. Fifty years later I was honored to be appointed as a member of that commission by Gov. Mike Dunleavy obviously an attempt to keep me from publicly criticizing his failed education policy as a Moneypit Educrat who first came here for his Alaska Adventure.
Those were interesting times for Alaska following settlement of the Alaska Native Claims Settlement Act of 1971 and construction of the Trans-Alaska Pipeline. Although the Daily News was able to publish hyperbolic dramatizations of changes occurring in Alaska with natural resource development, a series about the Teamsters Union finally brought a coveted Pulitzer Prize to the paper in 1979. By then I had left to start my own publishing and public relations business, but the war with the Times had caused the two factions to form a joint printing agreement to try and keep Anchorage as a two-newspaper town. In the face of continuing dire financial straits, Fanning sold theDaily News to the California-based McClatchy Newspapers to ultimately win the newspaper war and turn Anchorage into a one-newspaper town. She remained as publisher of the Daily News. Circulation reached 50,000 in 1982. In 1983 Fanning moved to Boston to work at the Christian Science Monitor.
Kay Fanning‘s Alaska Adventure was Finally Completed.
As an aspiring career NEWS reporter I also learned from University of Alaska classes in journalism that honest reporting by honest reporters means differing viewpoints; the goal is to inform voters having different persuasions who may then elect honorable public officials who serve the people who elected them over diabolical influence of Special Interests.
[6] Demise of the Fourth Estate; What’s Entertainment NEWS Good For? DONN LISTON August 10, 2023
Many of us who have had time in harness at theDaily Newshave watched over recent years as this once aspiring enterprise, dedicated to training promising journalists to record the epic events of the 49th USA State, has become the plaything of a billionaire’s estranged wife. Rogoff purchased the Daily News from McClatchly for some $30 Million.
According to recent documentation by another former ADN Reporter, Craig Medred: Overall, the Dispatch News’ accounting of assets and liabilities filed this week paints a picture of a company deep under water.
It has debts totaling almost $21.5 million and assets of only about $11.9 million some of which appear inflated. The company claims to own about $2.5 million worth of office furniture, fixtures, computer equipment, communications equipment, and software, plus $4.5 million in “construction in progress.”
Additionally: The Dispatch News is on track to lose a record $8 million this year, and remains deeply in debt to Northrim Bank. Northrim helped Rogoff swing the $34 million deal to buy the News. She paid McClatchy about half of what theBoston Globe, a newspaper seven times bigger than the Daily News, sold for a year earlier, according to Medred.
Large newspapers everywhere are failing as financial requirements to print and distribute information for eager readers become unmanageable at such scale. Small regional papers are sprouting up all over with positive community promotion and sharing of ideas easily accessed in digital formats. This writer has endeavored to fill the gap left by high-handed journalistic platforms like the Anchorage Daily News. I am hanging my hat on quality content in hopes that the technical raz-a-ma-taz will follow.
In watching collapse of the Daily News, I marvel at the arrogance on full display with each legal discovery. Since purchasing ADN at a fire sale Binkleys have continued to do what has brought ADN to the brink of disaster using an antiquated business model and minority editorial viewpoints.
Must Read Alaska put it in stark perspective: The pattern is part of the decline of newspapers across the country. The Juneau Empire reduced its print edition to twice weekly a year ago, as did the Peninsula Clarion. Both are now being printed out of state. The ADN contracted its printing out to the Frontiersman when it changed hands to the Binkleys. It was once a daily newspaper, but has recently reduced print editions to five days a week.
Since 2017 ADN has since hobbled along as its influence and stature bleed out.
Alaskans deserve better.
References:
[1] Anchorage Daily News hemorrhaging cash, will reduce print to twice weekly and cut staff, Suzanne Downing, Must Read Alaska, April 11, 2024
https://mustreadalaska.com/anchorage-daily-news-hemorrhaging-cash-will-reduce-print-to-twice-weekly-and-cut-staff/?utm_source=substack&utm_medium=email
[2] Background on the Rogoff business collapse: Lost in the Weeds, Craig Medred, September 1, 2017
https://craigmedred.news/2017/09/01/lost-in-weeds/
[3} Read my story about accosting Bob Atwood!
https://donnliston.net/2018/09/how-to-right-good/
[4] Watergate Scandal
https://en.wikipedia.org/wiki/Watergate_scandal
[5] 1972 Presidential Election
https://en.wikipedia.org/wiki/1972_United_States_presidential_election
[6] Demise of the Fourth Estate; What’s Entertainment NEWS Good For? DONN LISTON August 10, 2023
https://donnliston.co/2023/08/demise-of-the-fourth-estate/
