The company, which owns Creative Loafing papers in Atlanta, Charlotte, Sarasota and Tampa, as well as the Chicago Reader and Washington City Paper, filed for Chapter 11 bankruptcy protection this morning, the St. Petersburg Times reports. City Paper editor Erik Wemple reports that CEO Ben Eason discussed the filing with top company officials in a conference call this morning, and said that the bankruptcy filing would allow CL's six papers to establish a greater online presence while the company reorganizes its operations. A corporate memo on the filing says it "has little to do with the acquisition" of the Reader and City Paper last year. Eason also said that the move entails no liquidation or layoffs. In fact, the Chapter 11 filing will roll back editorial staff cuts at the papers, Wemple writes. MORE: Read more about the move from Creative Loafing (Tampa), the Reader, Crain's and Bloomberg News.
The Georgetown Voice's nearly 3,000-word story on the alt-weekly looks at how it is evolving under the ownership of Creative Loafing, and how the paper is fighting to maintain its identity -- and market share -- despite having fewer resources. "You want to create a rich environment and then bring it down into the print," says CL CEO Ben Eason, who is currently focused on uniting the company's six papers as a national web presence. "Without a doubt, the web is a far richer environment than print." Editor Erik Wemple says he sees the paper a year from now as being "very, very, very much a web machine." But publisher Amy Austin adds that, while online advertising revenue is quickly growing for City Paper, it still only makes up approximately 5 percent of the paper's total revenue, which has been in decline. By 2006, the paper's net revenue -- traditionally around 15 percent -- had fallen to 4.7 percent.
That's according to managing editor Andrew Beaujon, who notes that the paper recently produced new promotional magnets and pens, on top of making promo hats earlier in the month. "As you may have read, we are facing budget cuts," Beaujon writes. "So I guess I'm wondering whether the hats are a tactic to comfort or maybe confuse us -- perhaps if our heads are warm, we may not worry so much about our newsroom possibly going kablooey?"
Reader media columnist Michael Miner reports that publisher Michael Crystal resigned from the paper yesterday. The interim publisher is Kirk MacDonald, who is chief operating officer of Creative Loafing, Inc. He expects to spend three days a week in Chicago, according to the Reader. Steve Timble, the founding publisher of Time Out Chicago, has been named the new associate publisher, and is "Crystal's heir apparent," according to Miner. Crystal, who had been publisher since 2004, will move back to Seattle. "[He] was an unruffled sort of executive whose manner recalled the good old days at the Reader, when there was nothing much to get ruffled about," Miner writes. "Those of us who remember those days remember them fondly." In other Reader news, this week the paper launches a pullout music section and additional design updates.
DCist reports that City Paper's parent company Creative Loafing needs to cut the paper's budget by $170,000. The belt-tightening could lead to additional layoffs at the alt-weekly (some production and editorial staffers were laid off after CL purchased City Paper and the Chicago Reader last year). "Like a lot of media companies, we are going through an exceptionally rough period, and indeed we are discussing how to cut expenses," editor Erik Wemple tells DCist. "I don't want to cite any figures at this point because we are trying our best as a company to minimize the impact. But yes, layoffs are part of the discussion."
"Books coverage at American daily newspapers is asphyxiating. That's the bad news," writes Washington City Paper's Mark Athitakis. "Here's more bad news: The situation is just as dire at alternative weeklies." He goes on to cite the cost-cutting that occurred when Creative Loafing purchased City Paper last year as an example. But he says there are reasons to be optimistic about alt-weeklies. "We've taken one hell of a beating, but our basic mandate -- to give people informed and lively coverage of subjects that often fall outside the larger media's radar -- remains intact," Athitakis writes. "And books are still part of that mandate." He wraps up his post by listing some tips for any critics hoping to contribute to alt-weeklies.
CL's Atlanta editor Ken Edelstein reports that he laid off two editorial staffers on Monday: Senior editor Scott Freeman and senior writer David Lee Simmons. In addition, the St. Petersburg Times reports that CL's Tampa paper has let go of Lance Goldenberg, who'd been a freelance film critic for the paper for 19 years. In his statement, Tampa editor David Warner said that the hole in film coverage will be filled with staff writers from CL's newly acquired papers in Chicago and Washington.
"Layered in laughable, lopsided, linguistic humor, Hollis Gillespie's Trailer Trashed: My Dubious Efforts Toward Upward Mobility is a wonderful land of well-crafted humor within a world of spellbinding wit," writes J. Edward Sumerau in Metro Spirit. The marks the third book for Gillespie, who writes the "Moodswing" column for Creative Loafing. "I never know how to explain my books except to say, 'It's like Shakespeare,' and hope people get the joke," Gillespie tells the Atlanta Journal-Constitution. "This book literally covers my dubious efforts at upward mobility, starting with life with my Dad, the drunk trailer salesman, and ending with selling the TV series (which is based on my first two books) in Hollywood." That TV series is back on track after a brief detour due to the writers' strike, Gillespie tells the Journal, with Laura Dern in tow. "[She's] been a champion of the project since the day after my first book was released," Gillespie says.
The paper formerly known as The Weekly Planet signed a distribution deal this week with the St. Petersburg Times, according to the Tampa Bay Business Journal. The Business Journal also reports that publisher Sharry Smith "assured the staff that protection clauses were added to the agreement to keep Creative Loafing stories confidential until the actual release date." Although the Business Journal says the agreement "cost 19 people jobs," Smith tells AAN only one staff person was laid off.
- Go to the previous page
- 1
- …
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- …
- 24
- Go to the next page
