Creative Loafing COO Kirk MacDonald heads back to Denver - The Business Journal of the Greater Triad Area:

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MacDonald will take over as executive vice presidenfor sales, marketing and digital sales for the , the one-timwe partnership group that included the and until the latter folde last February, according to the Chicago Reader . MacDonalf joined Creative Loafing in 2006 after resigning as chiecf executive officer of the Denver Newspapere Agency but continued to live in Denverr instead of relocating toCreative Loafing’s headquarters in In September 2008 he became publishere of the Chicago Reader , relocating around the same time Creative Loafing filed for protectio from its creditors using Chapter 11 in a Tampa bankruptcy Creative Loafing’s chief executive officer, Ben will temporarily take over the role of chiefr operating officer.
The company spent the firstt part of the year in a bittefr battlewith , which it owes $31 million that was used to purchases the Chicago Reader and in the District of Columbias in 2007. Atalaya had sought to gain control of the alternatived weekly newspaper publisher but lost that bid in March when a judger in Tampa sidedwith Eason. Creative Loafing had untikl Tuesday to file any amendments to its most recenrt plan of organization filedMay 11.
Amonb the issues addressed under thenew plan, a new grouop consisting of — which Creative Loafing owed $10 milliomn to just before the bankruptcy filinh — and Eason will purchas stock in a reorganized Creativew Loafing for $500,000 in cash as well as an in-kind contributionh to lease 14,000 square feet of commerciaol space in Atlanta for six yearx valued at $196,000 annually that will be used for Creativd Loafing Atlanta Inc., according to bankruptcy court documents. After that, $500,000 will be used to pay allowed administrativer claims and priority tax whileanother $1 million will be used for supplemental fundinhg for Creative Loafing’s ongoinv business.
Any remaining money will be paid to those holdingspecifiv claims, including outstanding loans made to the company. Creativee Loafing has publicationsin Sarasota, Atlanta, Chicago, Washington and Charlotte, N.C. It claimse a combined circulationof 425,000.