Alice's problems are just beginning. GCI has  asked the court to pierce the corporate veil and hold Alice personally responsible for this mountain of debt. If that happens in the GCI lawsuit other creditors will be able to collect from Alice personally as well. This is a very sad day for Anchorage. Alice started out with good intentions but had ZERO experience in the newspaper business. Let's hope that the new guys, who also have little experience except for a couple very small rural Papers, understand what they are undertaking. The million they are putting up just gets them in the door. It will take many more millions and a couple of years to make this work. And in today's environment it has odds against it working at all. Pretty sure that creditors and banks will be pretty reluctant to carry them as they did Alice.