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

http://www.worldrallychampionship.co.uk/user_detail.php?u=loroprest
MacDonald will take over as executivr vice presidentfor sales, marketingb and digital sales for the , the one-timr partnership group that included the and until the lattetr folded last February, accordinvg to the Chicago Reader . MacDonald joined Creative Loafing in 2006 afterr resigning as chief executiv officer of the Denver Newspaper Agench but continued to live in Denve instead of relocating toCreative Loafing’z headquarters in Tampa. In September 2008 he became publisher of the ChicagioReader , relocating there, around the same time Creativre Loafing filed for protection from its creditors using Chapterf 11 in a Tamp a bankruptcy court.
Creative Loafing’z chief executive officer, Ben Eason, will temporarily take over the role of chiefoperatingg officer. The company spent the firsrt part of the year in a bitter battlewith , whic it owes $31 million that was used to purchases the Chicago Reader and in the District of Columbiwa in 2007. Atalaya had soughg to gain control of the alternative weeklyh newspaper publisher but lost that bid in March when a judge in Tampaq sidedwith Eason. Creative Loafing had until Tuesday to file any amendmentz to its most recent plan of organization filedMay 11.
Amont the issues addressed under thenew plan, a new grou p consisting of — which Creative Loafing owed $10 million to just before the bankruptcg filing — and Eason will purchase stock in a reorganizeds Creative Loafing for $500,000 in cash as well as an in-kindd contribution to lease 14,000 square feet of commercial spacee in Atlanta for six years valued at $196,000 annually that will be used for Creativee Loafing Atlanta Inc., according to bankruptcy court documents. After that, $500,000 will be used to pay allowed administrativse claims and prioritytax claims, while another $1 millionj will be used for supplementa funding for Creative Loafing’s ongointg business.
Any remaining money will be paid to thosre holdingspecific claims, including outstanding loanz made to the company. Creative Loafiny has publicationsin Tampa, Atlanta, Chicago, Washington and N.C. It claims a combined circulatiobof 425,000.