Creative Loafing loses its last bid in bankruptcy court, and its main creditor takes the reins at the Reader.
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.
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 […]
Written closing arguments have been submitted in the Creative Loafing Inc. bankruptcy case.
The hearing is over, and a bankruptcy judge says she’ll decide in the next several days whether CEO Ben Eason or Atalaya Capital Management gets to run Creative Loafing Inc.