Another offer for CL: $13.3 million for entire chain, Tennessee developer says
From former CL Atlanta staffer Steve Fennessy writes in his Atlanta mag blog:
For those who think I’ve let lapse my casual obsession with the Creative Loafing Inc. bankruptcy, rest easy. There’s more news! Turns out that Brian Conley, who once owned the alternative newspaper in Knoxville, TN, and is now helping to finance the Sunday Paper’s expansion into other cities, has offered to buy all six papers in the Creative Loafing chain. Offer price? $13.3 million.
In a response to an email I sent him, Ben Eason, Creative Loafing Inc.’s CEO, said his company’s financial adviser, Bryan Crino, has been in touch with Conley. However, Eason wouldn’t characterize what reaction, if any, he has to the offer. “You can read any and all about CL on our websites when there is something to report,” he wrote in the email.
