This is a truly bittersweet moment for me. I am acutely sad to be handing off the stewardship of this great newspaper, while relieved that under new ownership, the Dispatch will live on, hopefully for years to come.
I think by now that most of you know owning this news organization has been a labor of love for me. The body of work done in our time has been as good as we could hope for. We've worked hard to help illuminate the issues of our day and provide a platform for points of view from across Alaska. Yet like newspapers everywhere, the struggle to make ends meet financially eventually caught up with us. I simply ran out of my ability to subsidize this great news product.
Financial realities can't be wished away. Fortunately, our legal system provides a mechanism for reorganizing the company, bringing in new capital, and keeping it going through the transition. That is what we are doing. In placing the Dispatch under the jurisdiction of the courts through Chapter 11 of the bankruptcy code, the newspaper will continue doing what it does best. It will emerge from the process in a short time, able to navigate these challenging economic times in a stronger position.
I thank you all for the years you've read us, written to us, disagreed with us, but still stayed with us. We've always tried to hew to the center line and report the facts as best we can. Thank you for giving us your time and your trust.