Creative Loafing just announced that they have filed for bankruptcy. What?! They say they aren’t going to fold, but dear god. What are Thomas and Hollis going to do assuming they are lying? Damn you, economy.
Creative Loafing Inc. — which owns alternative weekly newspapers in Chicago, Washington, Tampa, Charlotte and Sarasota, as well as Atlanta — today filed for bankruptcy protection. Prompting the move was a debt load of more than $40 million. “The company owned more money than it can pay back right now,” CEO Ben Eason said.
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Tags: bankruptcy, chapter 11, creative loafing
I told them they should never have switched to Thursdays years ago…