Creative Loafing chain sold to biggest creditor for $5 million
New owner Atalaya says it will make papers profitable, no layoffs planned.
By Jeffry Scott
The Atlanta Journal-Constitution
The Eason family’s 37-year-old Creative Loafing publishing empire came to an end Tuesday morning when a Tampa bankruptcy judge awarded the struggling chain of six alternative weekly newspapers to its biggest creditor, a New York-based private equity company, Atalaya Capital Management LP.
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