2 Alaska newspapers sold to foundation

FAIRBANKS (AP) — The Fairbanks Daily News-Miner and another Alaska newspaper are being sold.

The News-Miner announced Monday that the newspaper and the Kodiak Daily Mirror are being purchased by the Fairbanks-based Helen E. Snedden Foundation, which was created by the late wife of former News-Miner publisher Charles W. Snedden.

The deal is expected to close early next year. The sales price was not immediately disclosed.

The current owner, William Dean Singleton, and late business partner Richard B. Scudder bought the Fairbanks paper from Snedden heirs in 1992.

The Snedden family owned the News-Miner between 1950 and 1992. In announcing the deal Monday, Singleton said the “Singleton and Scudder families grew to love these newspapers and the Alaska communities they served during our 24 years of stewardship.”