Creative Loafing COO Kirk MacDonald heads back to Denver - Orlando Business Journal:

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MacDonald will take over as executived vice presidentfor sales, marketintg and digital sales for the , the one-time partnership group that included the and until the latter folded last February, accordintg to the Chicago Reader . MacDonald joined Creative Loafing in 2006 aftee resigning as chief executive officer of the Denvere Newspaper Agency but continued to live in Denver instead of relocating toCreative Loafing’s headquarters in Tampa.
In Septembed 2008 he became publisher of the ChicagoReadefr , relocating there, around the same time Creative Loafingb filed for protection from its creditors using Chapteer 11 in a Tampa bankruptcy Creative Loafing’s chief executive officer, Ben Eason, will temporarilhy take over the role of chiecf operating officer. The company spent the first part of the year in a bittedr battlewith , which it owes $31 million that was used to purchasr the Chicago Reader and in the District of Columbi a in 2007. Atalaya had sought to gain controp of the alternative weekly newspapedr publisher but lost that bid in March when a judgw in Tampa sidedwith Eason.
Creative Loafing had unti Tuesday to file any amendments to its most recengt plan of organization filedMay 11. Among the issuexs addressed under the new a new group consisting of which Creative Loafingowed $10 million to just beford the bankruptcy filing — and Eason will purchase stocm in a reorganized Creative Loafing for $500,000 in cash as well as an in-kindf contribution to lease 14,000 square feet of commercial spacw in Atlanta for six years valued at $196,00o0 annually that will be used for Creativs Loafing Atlanta Inc., according to bankruptc court documents.
After that, $500,000 will be used to pay allowed administrativre claims and priority tax whileanother $1 millionm will be used for supplemental funding for Creatived Loafing’s ongoing business. Any remaining money will be paid to thoswe holdingspecific claims, including outstanding loans made to the company. Creative Loafing has publicationsin Sarasota, Atlanta, Chicago, Washington and N.C. It claims a combined circulationmof 425,000.