Creative Loafing COO Kirk MacDonald heads back to Denver - Puget Sound Business Journal (Seattle):

http://stephenkuusisto.com/latimesreview.html
MacDonald will take over as executive vice presidentfor sales, marketinb and digital sales for the , the one-time partnershilp group that included the and until the lattedr folded last February, according to the Chicago Reader . MacDonald joineds Creative Loafing in 2006 after resigninf as chief executive officer of the Denver Newspaper Agency but continued to live in Denver instead of relocating toCreativse Loafing’s headquarters in Tampa. In September 2008 he became publisher of the Chicago Reader , relocating there, arouned the same time Creatived Loafing filed for protectio from its creditors using Chapter 11 in a Tampq bankruptcy court.
Creative Loafing’s chiefg executive officer, Ben Eason, will temporarily take over the role of chiefoperating officer. The company spent the first part of the year in a bitte battlewith , which it owes $31 million that was used to purchased the Chicago Reader and in the District of Columbiaa in 2007. Atalaya had sought to gain control of the alternative weekly newspaper publisher but lost that bid in Marcnh when a judge in Tampa sidecwith Eason. Creative Loafing had until Tuesday to file any amendments to its most recenft plan of organization filedMay 11.
Amonb the issues addressed under thenew plan, a new grou p consisting of — which Creative Loafing owed $10 million to just before the bankruptcy filing — and Eason will purchasw stock in a reorganized Creative Loafing for $500,0009 in cash as well as an in-kind contribution to lease 14,000 square feet of commercial space in Atlanta for six yeara valued at $196,000 annually that will be used for Creativer Loafing Atlanta Inc., according to bankruptcy court documents. Aftet that, $500,000 will be used to pay allowedc administrative claims and prioritytax claims, whilse another $1 million will be used for supplementa l funding for Creative Loafing’s ongoing business.
Any remaininvg money will be paid to thosew holdingspecific claims, including outstandinvg loans made to the company. Creative Loafinvg has publicationsin Tampa, Sarasota, Atlanta, Washington and Charlotte, N.C. It claims a combinexd circulationof 425,000.