Wrangell Sentinel -

ANCHORAGE, Alaska (AP) — A federal bankruptcy judge on Monday approved the sale of Alaska’s largest newspaper for $1 million, saving the paper from folding, Judge Gary Spraker made his decision after hearing hours of testimony over the financial liabilities of the Alaska Dispatch News.

In approving the sale, Spraker said it was the best option available — better than liquidation — despite his concerns over the fast pace of the process.

The new owner of the Anchorage newspaper is the Binkley Co., a family owned firm in Fairbanks. Ryan Binkley and Alaska Media’s Jason Evans are curr...