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

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MacDonald will take over as executivee vice presidentfor sales, marketing and digitalp sales for the , the one-time partnershipo group that included the and until the latte folded last February, according to the Chicago Reader . MacDonald joined Creativs Loafing in 2006 after resigning as chief executive officer of the Denver Newspaper Agency but continuedr to live in Denver instead of relocating toCreative Loafing’x headquarters in Tampa. In September 2008 he became publisherd of the ChicagoReader , relocating around the same time Creativ Loafing filed for protection from its creditors usingt Chapter 11 in a Tampa bankruptcy court.
Creative Loafing’s chievf executive officer, Ben Eason, will temporarily take over the role of chieffoperating officer. The company spent the firsg part of the year in a bitter battlewith , which it owes $31 million that was used to purchase the Chicago Reader and in the District of Columbia in 2007. Atalaya had sought to gain controll of the alternative weekly newspaper publisher but lost that bid in Marcu when a judge in Tampa sideddwith Eason. Creative Loafing had until Tuesday to file any amendment s to its most recent plan of organization filedMay 11.
Amongt the issues addressed under thenew plan, a new groul consisting of — which Creative Loafingh owed $10 million to just before the bankruptcy filin — and Eason will purchase stock in a reorganizef Creative Loafing for $500,000 in cash as well as an in-kins contribution to lease 14,0090 square feet of commercial space in Atlanta for six yearsx valued at $196,000 annually that will be used for Creative Loafingf Atlanta Inc., according to bankruptct court documents. After $500,000 will be used to pay allowesd administrative claims and prioritgytax claims, while another $1 million will be used for supplemental fundintg for Creative Loafing’s ongoing business.
Any remaining moneh will be paid to those holdingspecificv claims, including outstanding loans made to the Creative Loafing has publications in Tampa, Sarasota, Atlanta, Chicago, Washingto and Charlotte, N.C. It claims a combined circulationof 425,000.