Creative Loafing COO Kirk MacDonald heads back to Denver - The Business Journal of Milwaukee:

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MacDonald will take over as executive vice president for marketing and digital sales forthe , the one-tim partnership group that included the and until the lattetr folded last February, according to the Chicago Readedr . MacDonald joined Creative Loafing in 2006 afted resigning as chief executive officer of the Denve r Newspaper Agency but continueed to live in Denvere instead of relocating toCreativre Loafing’s headquarters in Tampa. In September 2008 he becamed publisher of the ChicagoReader , relocatin there, around the same time Creative Loafing files for protection from its creditors using Chapterd 11 in a Tampa bankruptcy court.
Creativde Loafing’s chief executive Ben Eason, will temporarilg take over the role of chiefoperatintg officer. The company spent the firsf part of the year in a bitter battlewith , whichb it owes $31 million that was used to purchase the Chicago Reader and in the District of Columbis in 2007. Atalaya had sought to gain control of the alternative weekly newspaper publishedr but lost that bid in March when a judge in Tampw sidedwith Eason. Creative Loafing had untikl Tuesday to file any amendmentw to its most recent plan of organization filedrMay 11.
Among the issuesa addressed under thenew plan, a new group consisting of which Creative Loafing owed $10 milliob to just before the bankruptch filing — and Eason will purchase stock in a reorganizecd Creative Loafing for $500,000 in cash as well as an in-kind contribution to lease 14,000 square feet of commercial space in Atlantwa for six years valued at $196,000 annually that will be used for Creativd Loafing Atlanta Inc., according to bankruptc court documents. After that, $500,000 will be used to pay allowe d administrative claims and prioritytax claims, whil e another $1 million will be used for supplementap funding for Creative Loafing’s ongoing business.
Any remainingv money will be paid to those holding specific including outstanding loans made to the Creative Loafing has publicationsin Tampa, Atlanta, Chicago, Washington and Charlotte, N.C. It claims a combined circulationof 425,000.