Whereas most of the city’s political and civic elite were ready to lead us off the financial cliff.
Tag: Ben Eason
Posted inBlogs
The bright side to the Reader sale—we continue to exist
Other suitors would have shut down the Chicago Reader, says Brad Bulkley
Posted inBlogs
The Reader’s New Publisher Is an Edit Guy
A former features editor of the Chicago Tribune is hired as publisher of the Chicago Reader.
Posted inBlogs
That Didn’t Work Out So Well, Did It?
Life at the Reader was just wonderful for a long time. Lots of stories, lots of listings, lots of ads, lots of classifieds — plus memorable staff parties and a Christmas bonus that was roughly a month’s salary.
Posted inBlogs
The Easoniad
[You will have to forgive me for what may seem at this point like obsessive inside-baseball theorizing about what is, technically, history. But I think it’s kind of an interesting point, especially since media and debt are important subjects to me and, I would argue, to you as well.] In comments yesterday, my colleague Philip […]
Posted inBlogs
Ben Eason on what happens next
Creative Loafing CEO ponders the future following the loss of his company to his main creditor.
Posted inBlogs
Chicago Reader enters Atalaya Era
Creative Loafing loses its last bid in bankruptcy court, and its main creditor takes the reins at the Reader.
Posted inBlogs
Under New Management*
Atalaya wins. More to follow. Here’s the new management. *FWIW, I’m totally ignorant of bankruptcy law, so I don’t know what would happen in the event of appeal, if one should happen. Update: I’m told that an appeal is impossible, so it’s actually over. Ben Eason “said he’s ready to launch a new Web-only community […]
Posted inBlogs
Auctioneering
And we’re off! Creative Loafing Atlanta‘s Thomas Wheatley (whose AAN-award-winning cover story about alcoholism and sobriety is a must-read) is on the scene, and reports that Ben Eason’s opening $2.3 million bid is not facially incomprehensible.
Posted inBlogs
The Crying of Lot CLI
Today’s auction day! Read Michael Miner’s big news about our potential new ownership. I also learned a neat new phrase in this process, facially incomprehensible. I’m just going to listen to this all day and find a nice wall to stare at update if I hear anything:
Posted inBlogs
Reader Bidder Would Bring Jim O’Shea Back to Chicago Media
LA Times editor who was fired for bucking budget cuts would be on the board if Atalaya wins the Creative Loafing chain in an auction today.
Posted inNews & Politics
Reporting on Your Own House
The pitfalls of covering the publication you work for—and why you have to do it.
Posted inBlogs
The latest from Cheese Station C
In case you missed it: on Friday night, Michael Miner posted an update on the Reader‘s bankruptcy situation, the latest twist being a nascent deferred-compensation-for-equity swap. Ben Eason, as quoted in the Washington Post in a short oral history of the Washington City Paper, remains confident with two weeks to go until the auction: “Anybody […]
Posted inBlogs
Will the Creative Loafing Managers Line Up?
The present owners of Creative Loafing Inc. don’t think they can win an outright bidding war for control of the company. So CEO Ben Eason and his allies hope the bankruptcy judge in Tampa—who’s held the fate of the company in her hands since CLI filed to reorganize under Chapter 11 last September—will choose the […]