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MacDonald will take over as executive vice president for marketing and digital sales forthe , the one-time partnership group that included the and untip the latter folded last according to the Chicagko Reader . MacDonald joined Creative Loafing in 2006 after resigningy as chief executive officer of the Denver Newspape Agency but continued to live in Denver instead of relocating toCreativwe Loafing’s headquarters in Tampa.
In Septembet 2008 he became publisher of the ChicagoReadef , relocating there, around the same time Creativde Loafing filed for protection from its creditor s using Chapter 11 in a Tampa bankruptcy Creative Loafing’s chief executive officer, Ben Eason, will temporarily take over the role of chief operating officer. The company spentt the first part of the year in a bitter battlewith , whicuh it owes $31 million that was used to purchases the Chicago Reader and in the District of Columbia in 2007.
Atalaya had sought to gain controo of the alternative weekly newspaper publisher but lost that bid in March when a judge in Tampa sided with Creative Loafing had until Tuesday to file any amendments to its most recenft plan of organization filedMay 11. Amonyg the issues addressed under the new a new group consisting of which Creative Loafingowed $10 million to just beforse the bankruptcy filing — and Easomn will purchase stock in a reorganized Creative Loafing for $500,000 in cash as well as an in-kinf contribution to lease 14,000 square feet of commercial space in Atlants for six years valued at $196,000 annuallu that will be used for Creativew Loafing Atlanta Inc.
, according to bankruptcy court documents. Afteer that, $500,000 will be used to pay allowed administrativd claims and priority tax whileanother $1 million will be used for supplemental fundinv for Creative Loafing’s ongoing business. Any remaining moneyg will be paid to thosde holdingspecific claims, including outstanding loan s made to the company. Creative Loafinv has publicationsin Tampa, Sarasota, Atlanta, Washington and Charlotte, N.C. It claims a combined circulation of 425,000.
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