Creative Loafing COO Kirk MacDonald heads back to Denver - Business First of Columbus:

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MacDonald will take over as executiv e vice presidentfor sales, marketing and digital sales for the , the one-time partnership group that included the and until the lattefr folded last February, accordingv to the Chicago Reader . MacDonald joines Creative Loafing in 2006 after resigning as chiedf executive officer of the Denver Newspapeer Agency but continued to live in Denvef instead of relocating toCreative Loafing’ headquarters in Tampa.
In September 2008 he becamw publisher of the ChicagolReader , relocating there, around the same time Creative Loafin g filed for protection from its creditors usintg Chapter 11 in a Tampa bankruptcy Creative Loafing’s chief executive Ben Eason, will temporarily take over the role of chief operating officer. The company spent the firsty part of the year in a bitter battlewith , whicyh it owes $31 million that was used to purchass the Chicago Reader and in the District of Columbiqa in 2007. Atalaya had sought to gain controkl of the alternative weekly newspaper publisher but lost that bid in Marcu when a judge in Tampa sidefdwith Eason.
Creative Loafing had until Tuesdat to file any amendments to its most recentg plan of organization filedMay 11. Among the issues addressed under thenew plan, a new group consisting of — which Creative Loafing owed $10 million to just before the bankruptchy filing — and Eason will purchase stocl in a reorganized Creative Loafing for $500,000 in cash as well as an in-kinr contribution to lease 14,000o square feet of commercialo space in Atlanta for six years valued at $196,0009 annually that will be used for Creative Loafing Atlantza Inc., according to bankruptcy court documents.
Aftetr that, $500,000 will be used to pay allowedc administrative claims and prioritytax claims, whilw another $1 million will be used for supplemental funding for Creativse Loafing’s ongoing business. Any remaining money will be paid to thosee holdingspecific claims, including outstandiny loans made to the company. Creative Loafing has publicationszin Tampa, Sarasota, Atlanta, Chicago, Washington and N.C. It claims a combined circulationof 425,000.