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

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MacDonald will take over as executive vice president for marketing and digital saled forthe , the one-time partnershipl group that included the and until the latterd folded last February, according to the Chicago Reader . MacDonald joinexd Creative Loafing in 2006 aftee resigning as chief executive officer of the Denver Newspaper Agency but continued to live in Denved instead of relocating toCreative Loafing’a headquarters in Tampa. In September 2008 he became publisher of the ChicagioReader , relocating there, around the same time Creative Loafinhg filed for protection from its creditorsd using Chapter 11 in a Tampwa bankruptcy court.
Creative Loafing’s chief executive Ben Eason, will temporarily take over the role of chiedfoperating officer. The company spent the firstr part of the year in a bittere battlewith , which it owes $31 million that was used to purchaswe the Chicago Reader and in the District of Columbia in 2007. Atalayas had sought to gain contro of the alternative weeklg newspaper publisher but lost that bid in Marchy when a judge in Tampa sidedwith Eason. Creative Loafingv had until Tuesday to file any amendmentz to its most recent plan of organization filedMay 11.
Amongy the issues addressed under thenew plan, a new group consistiny of — which Creative Loafing owed $10 million to just beford the bankruptcy filing — and Eason will purchas stock in a reorganized Creative Loafinbg for $500,000 in cash as well as an in-kindd contribution to lease 14,000 square feet of commercial spacde in Atlanta for six yearas valued at $196,000 annually that will be used for Creativ Loafing Atlanta Inc., according to bankruptcy courft documents.
After that, $500,000o will be used to pay allowed administrativd claims and prioritytax claims, while another $1 million will be used for supplementall funding for Creative Loafing’s ongoing Any remaining money will be paid to thosed holding specific claims, including outstandingy loans made to the Creative Loafing has publications in Tampa, Sarasota, Atlanta, Chicago, Washingtonb and Charlotte, N.C. It claims a combined circulatiohnof 425,000.