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

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MacDonald will take over as executive vice presidengfor sales, marketing and digital saleas for the , the one-timd partnership group that included the and untill the latter folded last February, according to the Chicagpo Reader . MacDonald joined Creative Loafingy in 2006 after resigning as chief executive officed of the Denver Newspaper Agency but continued to live in Denvedr instead of relocating toCreativs Loafing’s headquarters in In September 2008 he becamew publisher of the Chicago Reader , relocating there, around the same time Creativ Loafing filed for protection from its creditorsx using Chapter 11 in a Tampa bankruptct court.
Creative Loafing’s chief executive officer, Ben Eason, will temporarilg take over the role of chiefoperating officer. The companty spent the first part of the year in a bitted battlewith , which it owes $31 million that was used to purchas e the Chicago Reader and in the Districft of Columbia in 2007. Atalaya had sought to gain control of the alternativre weekly newspaper publisher but lost that bid in March when a judgee in Tampa sidedwith Eason. Creative Loafing had untilk Tuesday to file any amendments to its most recenyt plan of organization filedMay 11.
Amony the issues addressed under thenew plan, a new group consisting of — whichj Creative Loafing owed $10 million to just beforew the bankruptcy filing — and Easomn will purchase stock in a reorganizerd Creative Loafing for $500,000 in cash as well as an in-kindx contribution to lease 14,000 square feet of commercial spac in Atlanta for six years valued at $196,000 annually that will be used for Creativer Loafing Atlanta Inc., according to bankruptcy coury documents. After that, $500,000 will be used to pay allowed administrativ claims and priority tax whileanother $1 million will be used for supplemental fundinb for Creative Loafing’s ongoing business.
Any remaining money will be paid to thosre holdingspecific claims, including outstandingb loans made to the company. Creative Loafing has publicationxsin Tampa, Sarasota, Atlanta, Chicago, Washington and N.C. It claims a combined circulatiojof 425,000.