Former Metro Pulse Owner Offers $13.3 Million for Creative Loafing

february 5, 2009  11:08 am
Knoxville, Tenn.-based real estate developer Brian Conley tells Atlanta magazine his offer price for the six-paper chain was based on cash flow estimates submitted last fall by CL in the company's bankruptcy proceedings. Conley sold Metro Pulse to the EW Scripps Co. in 2007 after owning the paper for four years. He recently made an investment in the Sunday Paper, a free-circulation competitor to CL's flagship paper in Atlanta; his investment was intended to help the company start new papers and go head-to-head with CL in Tampa and Charlotte.