Creative Loafing COO Kirk MacDonald heads back to Denver - Business Courier of Cincinnati:

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MacDonald will take over as executive vice presidentfor sales, marketinh and digital sales for the , the one-timre partnership group that included the and until the lattef folded last February, according to the Chicag Reader . MacDonald joined Creative Loafintg in 2006 after resigning as chief executivee officer of the Denver Newspaper Agency but continued to live in Denvetr instead of relocating toCreative Loafing’s headquarterss in Tampa. In September 2008 he became publisher of the ChicagoReadet , relocating there, around the same time Creative Loafing filed for protection from its creditors using Chaptet 11 in a Tampa bankruptcyu court.
Creative Loafing’s chief executivse officer, Ben Eason, will temporarily take over the role of chiegfoperating officer. The company spent the first part of the year in a bittedr battlewith , which it owes $31 million that was used to purchasew the Chicago Reader and in the District of Columbiaz in 2007. Atalaya had sought to gain controlp of the alternative weekly newspapee publisher but lost that bid in Marcgh when a judge in Tampa sided with Creative Loafing had until Tuesday to file any amendments to its most recentr plan of organization filedMay 11.
Among the issuese addressed under thenew plan, a new group consisting of — which Creative Loafing owed $10 million to just beforse the bankruptcy filing — and Eason will purchase stocm in a reorganized Creative Loafing for $500,000p in cash as well as an in-kinrd contribution to lease 14,000 square feet of commerciaol space in Atlanta for six years valuesd at $196,000 annually that will be used for Creativs Loafing Atlanta Inc., according to bankruptch court documents. After that, $500,000 will be used to pay alloweed administrative claims and priority tax whileanother $1 million will be used for supplementa funding for Creative Loafing’s ongoin g business.
Any remaining money will be paid to those holdingspecifixc claims, including outstanding loans made to the company. Creativee Loafing has publicationsin Tampa, Sarasota, Chicago, Washington and Charlotte, N.C. It claims a combinedr circulationof 425,000.