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On August 25, the Chicago Reader's parent company, Creative Loafing, Inc., will be sold to a new owner through a federal bankruptcy auction in Tampa to repay $43 million in debt. As two groups prepare to bid in the auction, let's try to figure out how much Creative Loafing - and by extension the Chicago Reader - is really worth.
What is the value of Creative Loafing? An in-depth analysis
blog.fourcher.net - 15 weeks ago - 330 views
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Companies: Creative Loafing Inc.
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Upvoted. This is hands down the most interesting story on the site so far today. I feel like I just got back from class. Thank ya.
The gist: Creative Loafing is screwed. Any lawyers on here know how likely a judge is to declare Eason's lower offer the "best bid" based on his less than successful tenure as publisher?
Anyone know where the Reader ranks among the various Creative Loafing properties?
Slackers!
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