Bill Allen bankrolled the Anchorage Times for years:

"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.

https://en.wikipedia.org/wiki/Anchorage_Times#Competition