Missed It: Creative Loafing Goes To Hedge Fund For Five Million Dollar Bid

I wanted to get a link up to this story about alt-weekly chain Creative Loafing's change in ownership, although I'm not sure what to say other than "there it is." Creative Loafing's financial difficulties -- note how much they were able to borrow in 2007 to add to the line against what the whole lot of them went for Tuesday -- are a headline-generating part of a nationwide collapse of newspapers of all kind, but particularly those that house the often creatively fertile group of alt-weekly strips.

I may re-post this in the 10 AM slot tomorrow if I can figure out another way to approach it.
 
posted 8:35 am PST | Permalink
 

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