Binkleys to purchase three more Alaska media outlets
The Fairbanks-based Binkley Company, which took over ownership of the Anchorage Daily News last year, is buying three more Alaska media outlets in a deal with Georgia-based Morris Communications.
Morris and the Binkleys issued a joint statement announcing the ownership change for the weeklies 'Alaska Journal of Commerce' and 'Chugiak-Eagle River Star', as well as the monthly 'Alaskan Equipment Trader'.
The sale will be final this Friday, February 23rd.
The purchases are just the latest in what has been a tumultuous time for Alaska print media.
Last fall, the Binkleys, who operate Fairbanks tour attractions Riverboat Discovery and Gold Dredge 8, purchased the ADN, the state's largest newspaper, for a million dollars after its finances fell apart under former owner Alice Rogoff.
Morris, which once owned a substantial fraction of the state's print media properties, last year sold off the daily 'Juneau Empire' and 'Kenai Peninsula Clarion' newspapers, as well as the weekly 'Homer News,' to the GateHouse Media Group.
No purchase price was disclosed for the Binkley-Morris deal.