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CORDOVA-The long-time Cordova newspaper that was slated to be moth-balled along with Calista Corporation's five other newspapers throughout the state has found a new owner. Calista Corporation yesterday announced that it will be selling the Times to the current editor of the paper, Jennifer Gibbons. The terms of the sale were not disclosed by the parties.
Gibbons, an eight year Cordova resident, and editor of the paper for one year, will take over ownership sometime in late August. She stated after an agreement was reached, “I am honored and excited by the opportunity to help carry on the tradition of The Cordova Times, which has been a part of the town for over 100 years, and I am thankful for the enthusiastic support of the community and assistance Calista has provided to me in helping to make this ownership possible. Everyone involved has been very sincere in wishing the paper to continue.”
Margaret Nelson, Senior Vice-President of Calista stated, “It is a pleasure to know the legacy of The Cordova Times will continue in such capable and dedicated hands. Jennifer has and will continue to serve the community of Cordova with heart, assuring the area will have a voice to share any concerns and celebrate their victories.”
Calista Corporation decided during their July 22nd meeting to close the doors to their newspaper ownership, citing prohibitive fuel, paper and ink costs. The costs could no longer be passed to the shareholders of the corporation. The other newspapers are slated to distribute their last newspapers on August 15th and the doors at Alaska Newspapers, Inc will close on August 30th.
Calista Corp. is still open to buyers interested in their publications.