In 1989 , Atwood sold the '' Times '' to Veco Corporation , an oilfield service company seeking to invest its profits from the clean-up efforts following the Exxon Valdez oil spill . The new management was not able to turn the paper around , and after two and a half years and claimed losses of $ 10 million , a decision was made to shut down operations . The paper 's assets were sold to McClatchy , and the last issue of the '' Anchorage Times '' was published on June 3 , 1992
Exxon Valdez oil spill
Exxon Valdez oil spill
Anchorage Times