Quick guys! Let’s raise a few million and buy Creative Loafing! Rename it all Drive A Faster Car! In my dreams. We aren’t quite ready for that sort of expansion yet…
AJC reports that the Creative Loafing chain is officially up for auction.
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.”
I’m anxious to see what happens. What would Atlanta do without an alternative weekly? I don’t really feel like The Sunday Paper fills that category. What are your thoughts?