"About five years ago, Carolyn [Fernandez, the paper's production manager] and I began to craft a succession plan for the newspaper," publisher Judy Hodgson writes. "What would the ownership look like when we are no longer actively working? Who will be at the helm for the next 20 years?" To answer that question, the two co-founders did not have to go far. On Jan. 1, editor Hank Sims, sales manager Mike Herring and A&E editor Bob Doran became co-owners of the Journal; they are now minority stockholders while Fernandez and Hodgson retain majority control.
When Creative Loafing filed for Chapter 11 bankruptcy protection yesterday, the news was widely reported. AAN News scoured the wires, separated the wheat from the chaff, and collected some of the pertinent information and opinion.
