Last week, Creative Loafing asked a bankruptcy judge to authorize CEO Ben Eason to hire the investment banking firm that brokered the Reader/City Paper purchase to evaluate the company's business plan, seek new financing, and prepare the company to be sold if necessary, Atlanta Magazine's Steve Fennessy reports. Meanwhile, Eason's largest creditor, Atalaya Capital Management, asked the judge to lift the automatic stay that prevented CL from defaulting on its loan, arguing that the value of the company is falling with each passing day due to the bankruptcy filing and to "downward trends in the advertising industry." Eason tells Fennessy he stands by his decision to expand. "I think it's one of the smartest things we've done," he says. "I'd rather be navigating [the economic downturn] with Washington City Paper and Chicago Reader and [syndicated column] Straight Dope than without them." MORE: The Reader's Michael Miner weighs in, and City Paper consolidates its office into one floor.
Last week, "at the tail end of one of the few weeks in the past year in which we did not publish anything snarky about anybody, someone threw two gallons of paint on our front doors," Artvoice editor Geoff Kelly writes. "Seems a waste; we hadn't even earned it. Nonetheless, we were cleaning up all morning."
If this week's cover looked strikingly familiar to readers of the Seattle alt-weekly, it's because the two papers are almost visually identical, with new text. The lead of the '04 cover, "Do Not Despair," has been replaced with this year's "Rejoice. Revel. Repeat."
The Dallas Observer, Fort Worth Weekly, and Houston Press were all honored when the Press Club's announced its 50th annual Katie Awards Saturday night. The Press won a total of three awards in the large newspapers division, including a first-place win for Column. The Observer, which also competed in the large newspapers division, won one award. In the small and medium newspapers division, the Weekly took home a total of four awards, three of which were first-place finishes -- in Business reporting, Investigative Series or Story, and Specialty Reporting.
In the sixteenth installment of this year's "How I Got That Story" series, San Antonio Current music editor Gilbert Garcia talks about his winning columns, which Ling Ma says are all "portraits of mediocrity." She's talking not about Garcia's writing, of course, but about the subjects he covers: The Police, Paul McCartney, and American Idol Haley Scarnato. Garcia discusses his band, the role a music critic should play, and the difficulty of writing about something you know very well. "When you know too much about a subject, you almost have too many approaches you could take," he says.
Schoenkopf gave her notice this week, according to an email obtained by LA Observed. She had been CityBeat's editor since April. It is not clear who will replace her, or if newly named publisher Will Swaim will take on double-duty as publisher and editor, as he did for a time at OC Weekly.
In a video interview from last month's Digital Hollywood conference, Village Voice Media director of web and digital operations Bill Jensen tells Vator TV's Ezra Roizen about how VVM has stepped up its game online. "The key is ... we had to go daily," Jensen says. "That was the biggest challenge ... changing the culture to go from weekly to daily." He says that each VVM paper now has about 30 pieces of daily content going up on its site, in addition to the weekly content being created for the paper.
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