Salaries at the Chicago Reader, Creative Loafing Atlanta and Washington City Paper will be reduced by 5 percent company-wide. Efforts to sell the chain's remaining papers have stepped up.
Crain's Chicago Business reports that Atalaya Capital Management is actively seeking bidders for the Chicago Reader.
CL, Inc. has sold Creative Loafing Charlotte and Creative Loafing Tampa to Nashville-based SouthComm Inc. The company also announced that CEO Marty Petty has resigned.
Tammy Bailey was named Vice President/CFO, making her the company's top financial executive. Alison Draper, Chris Herring, David Walker, and Brett Murphy will also step into new roles.
Wendy Goldstein, associate publisher of Creative Loafing Charlotte has been named publisher, CL Inc. CEO Marty Petty announced today.
Washington Redskins owner Dan Snyder re-filed his lawsuit against Washington City Paper in a D.C. court today, nearly three months after it was filed in New York.
Chicago Reader interim editor Geoff Dougherty has "abruptly parted" ways with the paper. Dougherty had been filling in for previous editor Kiki Yablon, who in November unexpectedly announced her resignation just four months into the position.
Representatives of the Herald-Tribune Media Group and New York Times Company have contacted AAN to clarify the licensing agreement between their company and Creative Loafing, Inc.
Creative Loafing (Sarasota) has been sold to the Herald-Tribune Media Group, which will shut down print operations this week and lay off six employees.
Creative Loafing, Inc. has named Alex Kam its chief digital officer to oversee the digital operations of the company's six publication. Most recently, Kam was vice president of digital media for ALM/Incisive Media North America (publisher of The American Lawyer and other journals), and he has also served as general manager of new media for Major League Baseball. "It's not about building something and they will come. It's about understanding what users want and bringing them to you," Kam says in a note to employees. "Digital allows you to do this in many different ways ... but it's driven first and foremost by content." He will work out of D.C.
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