Alt Weekly Firm Creative Loafing For Ch 11 Bankruptcy; Parent Of City Paper, Reader

Creative Loafing, the alt weekly news firm, has filed for Chapter 11 bankruptcy, the first in the long line of smaller newspaper companies that may likely do so over the next year or so. About a year ago the company announced an undisclosed amount of mezzanine funding from BIA Digital Partners, the media PE firm, when it also bought two of the industry

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