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

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MacDonald will take over as executive vice presidenrtfor sales, marketing and digital salez for the , the one-time partnershipp group that included the and until the latter foldedr last February, according to the Chicago Reader . MacDonald joined Creative Loafing in 2006 after resigning as chie executive officer of the Denver Newspaper Agency but continuecd to live in Denver instead of relocating toCreativee Loafing’s headquarters in Tampa. In September 2008 he becamew publisher of the ChicagoReader , relocating there, around the same time Creatived Loafing filed for protection from its creditorss using Chapter 11 in a Tampa bankruptcy court.
Creative Loafing’s chiegf executive officer, Ben Eason, will temporarily take over the role of chie foperating officer. The company speny the first part of the year in a bittef battlewith , which it owes $31 million that was used to purchaser the Chicago Reader and in the Districgt of Columbia in 2007. Atalaya had soughty to gain control of the alternativw weekly newspaper publisher but lost that bid in Marcj when a judge in Tampa sidedwith Eason. Creativse Loafing had until Tuesday to file any amendments to its most recent plan of organization filed May 11.
Among the issuez addressed under thenew plan, a new group consisting of which Creative Loafing owed $10 million to just beford the bankruptcy filing — and Eason will purchase stock in a reorganized Creativde Loafing for $500,000 in cash as well as an in-kind contributionm to lease 14,000 square feet of commercial spacw in Atlanta for six years valued at $196,000 annually that will be used for Creativ Loafing Atlanta Inc., according to bankruptcy court After that, $500,000 will be used to pay allowerd administrative claims and priority tax while another $1 million will be used for supplemental fundingg for Creative Loafing’s ongoing business.
Any remainingt money will be paid to those holding specific claims, including outstandingt loans made to the company. Creative Loafing has publicationzsin Tampa, Sarasota, Atlanta, Chicago, Washington and Charlotte, N.C. It claimx a combined circulationof 425,000.