City Desk » SHIT’S FUCKED UP http://www.washingtoncitypaper.com/blogs/citydesk 68.3 Square Miles of D.C. News and Opinion Mon, 13 Feb 2012 22:36:56 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 Hot Off the Presses: Total Disrespect! http://www.washingtoncitypaper.com/blogs/citydesk/2009/03/30/hot-off-the-presses-total-disrespect/ http://www.washingtoncitypaper.com/blogs/citydesk/2009/03/30/hot-off-the-presses-total-disrespect/#comments Mon, 30 Mar 2009 19:02:20 +0000 Dave McKenna http://www.washingtoncitypaper.com/blogs/citydesk/?p=19162 Another day, another update about the bankruptcy case filed by Creative Loafing, our parent company.

Apparently a judge in the bankruptcy court will announce tomorrow if Creative Loafing's current owners can continue owning us and the rest of the chain, or if Atalaya, a creditor owed oodles (and a firm that also owns Bennigans), will be granted permission to take over.

Here's the money graph from Creative Loafing-Tampa Bay, the home newspaper of the group that bought us in 2007:

Atalaya wants to foreclose on its $31 million in loans given to finance CL’s 2007 expansion and purchase of Washington City Times and the Chicago Reader. That action was blocked when CL filed for bankruptcy court protection under Chapter 11 of the federal code in September 2008.

"Washington City Times"?

Again, this is from the flagship of the Creative Loafing chain.

"Washington City Times"?

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