During this time, William Thompson — best known as W.F. Thompson — began gathering investors to purchase the "Fairbanks Daily News". After Corson's candidacy failed and Thompson amassed $15,000 from investors, he purchased the "Daily News" in March 1909. On March 18, 1909, the "Daily News" published its last issue. Four days later, it reopened under the name "Fairbanks Daily News-Miner", an amalgam of the names of the "Daily News" and Thompson's previous operation, the "Tanana Miner". He chose the name over his first idea, the "Daily Alaska Miner".