Wednesday, December 23, 2015

Fairbanks Daily News-Miner is purchased by foundation created by paper's former owner

The nonprofit Helen E. Snedden Foundation has purchased the Fairbanks Daily News-Miner, Rod Boyce reports for the newspaper. The foundation was created by the late wife of the paper’s former publisher, Charles W. Snedden, whose family owned the paper from 1950 to 1992. Helen Snedden created and fully endowed the C. W. Snedden Chair in Journalism at the University of Alaska-Fairbanks in 2003. (Best places map)

While no major changes are planned, non-profit status means the "newspaper cannot endorse candidates for public office and that greater balance must be shown on the editorial pages," said Virginia Farmier, trustee of the foundation. Farmier told Boyce, “The Helen E. Snedden Foundation’s mission is to enhance the quality of life in Alaska. By owning the Fairbanks Daily News-Miner and the Kodiak Daily Mirror, the foundation will further that mission, allowing the newspapers to continue to communicate, educate and inform the citizens of these communities with excellent local news coverage.” (Read more)

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