Subsidiary Profile

Press Release

Calista Transfers Ownership Of First Alaskans Magazine

August 19, 2011

Calista Corporation Transfers Ownership Of First Alaskans Magazine
First Alaskans Institute Assumes Ownership

Calista Corporation and First Alaskans Institute announced today the transfer of ownership for the premiere Alaska Native-owned magazine, First Alaskans. FAI will assume ownership of the publication later this month.

First Alaskans Magazine was the flagship publication of Alaska Newspapers, Inc. since it was first published in 2001. The magazine has become known across the globe as the definitive magazine about Alaska Native organizations, tradition and political affairs. At the 2010 Alaska Press Club Awards in April 2011, First Alaskans earned first place for Best Magazine Cover, first and second place for Best Magazine Feature, and first place for Best Magazine Overall Design.

“First Alaskans Institute and Denise Morris are incredible leaders in the Alaska Native community,” said Calista Corporation Senior Vice President Margaret Nelson. “Readers and advertisers can be assured of the continued high quality and solid integrity of First Alaskans magazine in their hands.”

“We are excited to pursue this new opportunity and believe it is in natural alignment with our mission to advance Alaska Native people and communities through community engagement, information and research, collaboration, and leadership development,” said First Alaskans Institute President/CEO Denise R. Morris.

At First Alaskans Institute we look to our past and present as the springboard for our future. FAI strives to develop the capacities of Alaska Native people and their communities to meet the social, economic and educational challenges of the future, while fostering positive relationships among all segments of our society. FAI is a state-wide non-profit organization whose purpose is to advance Alaska Natives.

All ANI publications have now been sold. On August 2 Calista announced that The Cordova Times editor and Cordova resident, Jennifer Gibbins, would purchase the newspaper for which she worked. On August 5 Calista announced that three weeklies, The Arctic Sounder, The Dutch Harbor Fisherman and The Bristol Bay Times, were being purchased by the husband and wife team of Jason Evans and Kiana Peacock. Evans was born and raised in Nome, while Peacock was born and raised in Kotzebue.

On August 17 Calista announced that the final two weekly newspapers, the Seward Phoenix Log and The Tundra Drums, were being taken over by Edgar Blatchford. Blatchford founded ANI with Calista 19 years ago. He is currently an associate professor in University of Alaska’s Department of Journalism and Public Communications. Blatchford is also a former mayor of Seward and wrote for the Seward Phoenix Log.

Following years of hard work by ANI employees and management, the increasing costs of fuel, paper and print technology prevented the subsidiary from supporting the company’s long-term financial interests and service to Shareholders. After 19 years of ownership, Calista’s Board of Directors voted to shut down and liquidate ANI at a quarterly meeting on July 22. The final publications by ANI weeklies were the week of August 15, and the ANI offices will close August 31.

FAI can be reached at (907) 677-1710.

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