A federal bankruptcy judge yesterday approved a $1 million loan to keep the lights on and the doors open at Alaska Dispatch News as the company works its way through a chapter 11 protection, according to the Alaska Dispatch News. Judge Gary Spraker and Northrim Bank also gave the OK for Alaska Dispatch News to use its money in its bank account to pay wages to employees and to pay past-due health insurance premiums. The debtor in possession loan will come from Binkley Co. LLC, a group poised to buy Alaska Dispatch News from its current owner, Alice Rogoff. Ryan Binkley of Fairbanks and Jason Evans of Anchorage are the new publishers of the paper.
