By Jeffry Scott
The Atlanta Journal-Constitution
His family’s empire of alternative weekly newspapers headed to the auction block next week in a Tampa bankruptcy court, Creative Loafing CEO Ben Eason said Wednesday he’s confident his bid will prevail.
“I think we are absolutely the best bid,” Eason said in a telephone interview from Tampa, the headquarters of the struggling six-newspaper chain that was founded in Atlanta 37 years ago by his mother, Deborah Eason, who sold her interest to her son and a group of investors in 2000.
“Any bid has got to have cash, management and know-how, and be in a position to run the business and pay off debt,” said Eason. “We have all of that.”
But a partner in the only other known bidder, New York-based Atalaya Capital Management LP, which Creative Loafing owes $30 million, said Wednesday he was confident Atalaya would get a judge’s nod and soon run the company.
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