CL CEO Ben Eason has said that today's hearing (rescheduled from Monday) will likely determine whether or not he will be able to retain control of the six-paper chain. The actual auction is slated for Aug. 25, but Eason says that if the judge allows unfettered bidding by Atalaya Capital Management, the company's largest creditor, he may have no chance. He thinks that would be unfair and will ask the judge to restrict Atalaya's ability to bid. "What you'll see is the judge grappling with a core issue: How do you preside over a fair auction where one of the bidders has an advantage that would cause others not to bid," Eason says. "It's like pulling money out of one pocket and putting it into another."
As part of the Village Voice's education supplement, the alt-weekly talks to several 2009 graduates from the Columbia University Graduate School of Journalism about what it feels like to enter an industry that many are proclaiming to be near death. Surprisingly, they remain upbeat about the future and feel prepared to take part in the rebirth of the news industry. "If you look at it differently, it's an exciting time in journalism," one recent grad says. "People are trying to come up with solutions to find out what the future is going to be."
BeedFack is a ballot and survey web engine "designed to take the headache out of conducting large-scale reader's polls and managing associated editorial workflow and output," Avenews says in a release. The product works for simple and complex surveys, including the ubiquitous "Best Of" reader polls so many alt-weeklies undertake. "My staff is embracing it, finding it easy and fast," Salt Lake City Weekly editor Jerre Wroble says. "The best part is that once we've used the system for a Best Of, it remembers all write-ups, winners and locations so each year the process is quicker and easier."
The Texas real estate company First Call Properties, which sued Craigslist for trademark infringement based on ads posted by users, has withdrawn the suit against the online listings website. First Call will continue its suit against AAA Apartment Locating, the company it says posted Craigslist ads using the phrases "first call," "call first," and "call us first" in a deliberate attempt to confuse consumers.
The annual workshop designed for alt-weekly writers and reporters is scheduled for Aug. 14 and 15 at the Medill School of Journalism on the Northwestern University campus in Evanston, Ill. Writers and editors from a number of AAN member papers will lead sessions covering everything from ethics to multimedia to political reporting, all in a way designed for staffers to get valuable, hands-on experience. Early registration rates are valid until Aug. 7, and the cut-off date to obtain AAN's discounted group hotel rate is this Friday, July 31.
A recent LinkedIn/Harris Interactive poll of 1,015 top executives at ad agencies and their corporate clients found that while the number of advertisers using print and online are still roughly equal the trend lines for the two media are headed in opposite directions. While 88 percent said they were using print, and 92 percent said online, 74 percent of those using internet say they are using it more than they did one year ago, while 49 percent of advertisers that use print say they are using it less.
A controversial executive training program known as NXIVM filed a lawsuit alleging defamation against the paper one day before the statute of limitations would have expired in April, but Metroland wasn't served papers until this month. The paper reports that the crux of NXIVM's suit stems from one line that was attributed to a source. Editor and publisher Stephen Leon says Metroland is consulting an attorney and hopes to have the suit quickly tossed. "The complaint is baseless, and 97 percent of it has nothing to do with Metroland," he says, adding that the passage cited "isn't even remotely defamatory."
Ben Eason tells the Chicago Reader that the key upcoming date in the ongoing bankruptcy saga of Creative Loafing is not Aug. 25, when the auction will be held, but July 27, when the judge sets the rules of the auction. He says the judge should restrict the ability of lender Atalaya Capital Management to bid on the company because "they'll put their money in and immediately take it out." He says that the issue should not just be who has the highest bid for the company, but the "highest and best" bid, which Eason thinks will be his. "For me it's my passion, my life, and everything," he says. "The real key here is not a financial play -- it's how everybody uses their publishing smarts and knowledge of online to fuse those models together. The game is not who's got the most money but who's got the most smarts to make the transition."
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