AAN News » Industry News
   

Creative Loafing Files Reorganization Plan

By AAN Staff
december 17, 2008  11:52 am
Creative Loafing (Tampa) political editor Wayne Garcia says the plan, filed Monday in the company's Chapter 11 bankruptcy proceedings, makes the case for keeping the company in the hands of CEO Ben Eason. "The Debtor believes retention of existing senior management and existing publishers, editors, directors of shared services and key online personnel are vital to successful implementation of this strategy as the markets are shifting very quickly at this time," the plan reads. CL also filed a 10-year financial forecast and an analysis of how much the company would bring if it were liquidated. Read more from Atlanta Magazine's Steve Fennessy.
View full article at Creative Loafing (Tampa) | Atlanta Magazine
Tags: , , , , , , , , , , , ,