Results tagged “creativeloafing”

Our pals at the Chicago Reader are now under new management. New York-based hedge fund Atalaya Capital Management bought the Reader's parent company Creative Loafing for $5 million. Atalaya managing partner Michael Bogdan told the Reader's Michael Miner, "It's absolutely our intention to run it. The Reader's a great publication and we want to make it even better." Whet Moser has more and Miner also spoke to former Tribune managing editor Jim O'Shea who will likely play a role under the new management.

How weird, after reading a particularly sharp and on-point criticism [via Gapers Block] of The Reader's consistent decline in quality in the recent past we came across earlier today, we now learn that the company that bought the paper in 2007 -- Creative Loafing -- has just filed for bankruptcy. They claim this move will alow them to reduce the cuts to editorial staff the company had planned, but given how the weekly's changed since being bought we're not exactly sure that's good news.

Courtesy of the TOC blog, we've learned that on February 27 (his 65th birthday) Jonathan Rosenbaum will retire as senior film reviewer at the Reader. Blogger Hank Sartin swears that it's not "one more sign of new Reader owners Creative Loafing trimming the budget. In fact, Rosenbaum tells us that his new bosses at Creative Loafing will be setting him up with a website of his own so that even in 'retirement' his writings on film will continue to be part of their franchise."

"'Cause it's Friday, you ain't got no job ... and you ain't got shit to do." Well, you can go check out the New Orleans Social Club at Millennium Park. If you aren't, here's some stuff in the news. Buckingham Fountain is slated to undergo a complete overhaul in autumn 2008. Near West Side businesses get $1.5 million in TIF money intended for keeping manufacturing jobs in the area. Does Manny Flores have the...

Well, Creative Loafing hasn't even owned the Reader for a week, and already the Tampa-based company is leaving its mark. Creative Loafing CEO Ben Eason announced Friday that the Old Gray Doorstop's going to become a traditional tabloid. In addition to moving ad and page design and some production functions of the paper to Atlanta and printing the paper to Fayetteville, N.C., Eason told Crain's Chicago Business that they're going to combine the Reader's three...

The Tribune isn't the only paper to have a new owner, although that sale is still up in the air (fifth item). Yesterday the Tampa-based media company Creative Loafing purchased the Washington, DC alternative Washington City Paper and the Reader, which the City Paper also owns. So what does this mean for the future of the Old Gray Doorstop? Not much, at least immediately. Michael Miner blogs that Creative Loafing does have a reputation for...