Ben Eason, CEO of Creative Loafing Inc., confirmed last week that his company's board has agreed to buy out Cox's minority stake in the alt-weekly chain, Steve Fennessy reports in Creative Loafing Atlanta. In addition to the Atlanta paper, the alt-weekly chain publishes newspapers in Charlotte, Tampa and Sarasota. Cox bought a 25 percent stake in Creative Loafing in 2000, but friction resulted when the Atlanta Journal-Constitution, a Cox-owned daily, launched its own free entertainment weekly last year. Eason says that if all goes well, the deal could be completed by mid-July.
The Board of Directors of Creative Loafing, Inc., announced that it will investigate two of its directors from Cox Newspapers, Inc., owner of the Atlanta Journal-Constitution. The question is whether the two directors used the confidential board meetings to learn enough about publishing alternative newsweeklies to launch "accessAtlanta" as a direct competitor to Creative Loafing (Atlanta).
Independent Weekly's acquisition of Raleigh's alt-weekly the Spectator will allow the newly merged Independent to beef up its A&E coverage and leaves Creative Loafing with more cash for its four AAN-member papers. "One of us ultimately had to give in to create a single financially successful paper, and we yielded to local ownership," said Ben Eason, CEO of Creative Loafing Inc.
The Creative Loafing chain is consolidating its entire layout, design and production operation in Atlanta. The move assures consistency of appearance and quality of design, and also will save the chain’s five papers as much as $22 per page, says CL’s CEO Ben Eason. Eight or nine jobs were eliminated but all affected employees were offered jobs in Atlanta, where the production staff will number about 24.
Debbie Eason, founder of the Creative Loafing chain of alternative newsweeklies, is planning a new venture after selling the chain to her children. She intends to launch a new paper, either weekly or biweekly, covering intown western Atlanta, appropriately called West Side Story, the Atlanta Journal-Constitution reports. She tells the daily her new paper won't compete with Creative Loafing-Atlanta.
Ben Eason, president of Creative Loafing Inc., has sold Creative Loafing of Greenville, S.C. , a non-AAN alt pub, to his mother, Debby Eason, founder of the chain; Lori Coon, publisher of the Greenville paper; and Kyle Sims, publisher of the Savannah, Ga., edition of Creative Loafing. Ben Eason says his mother now owns 51 percent of the Greenville paper and that he wants to concentrate on bigger markets. Also, former Loafing writer Greg Land joins Time magazine as an Atlanta correspondent.
- Go to the previous page
- 1
- …
- 7
- 8
- 9
- 10
