Other suitors would have shut down the Chicago Reader, says Brad Bulkley
Tag: Creative Loafing Inc.
Posted inBlogs
Mick Dumke Is Crossing the Street
Mick Dumke leaves the Chicago Reader for the Chicago News Cooperative
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 New Regime
Following up on earlier posts that tell the story of today’s bankruptcy court handover of Creative Loafing Inc. — the Reader included — to Atalaya Capital Management… Here are two more members of the new Atalaya-installed CLI management team: Michele Laven, vice president of integrated media at Clear Channel Los Angeles and the former president […]
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
Chicago Reader Has New Owners
Bankruptcy Judge Caryl Delano in Tampa ruled this morning that Atalaya Capital Management of New York had outbid the current owners of Creative Loafing Inc. and would take over the company.
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
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 […]
Posted inBlogs
Who will own the Reader? — the thickening murk
Will the next owners be the present owners, or the hedge fund Creative Loafing borrowed $30 million from to buy the Reader and Washington’s City Paper two years ago? An auction scheduled for August 25 in bankruptcy court in Tampa will decide. Wednesday’s hearing set the ground rules — though apparently none too clearly. Creative […]
Posted inBlogs
Ben Eason discusses what’s next for the Reader
The company that owns the Reader is in bankruptcy court in Tampa trying to hang on to us, and we watch from Chicago spellbound. Who will own us when it’s all over?
Posted inBlogs
Kirk MacDonald leaves Creative Loafing
Kirk MacDonald leaves Creative Loafing Inc., where he’d been chief operating officer and publisher of the Reader
Posted inBlogs
Creative Loafing hangs on to the Reader
The word from Tampa on the latest round of Creative Loafing’s bankruptcy battle.
Posted inBlogs
Bankruptcy — now starring the Sun-Times
Sun-Times Media Group files for Chapter 11 bankruptcy.