Tuesday, August 11, 2009
News Chicago blogger answers important question: What is the value of Creative Loafing?
Posted by Mara Shalhoup on Tue, Aug 11, 2009 at 8:18 PM
Chicago blogger Mike Fourcher asks — and pretty much answers — a question that's been dogging us for months, both here at CL's Atlanta lair and at our sister papers:
What is Creative Loafing's six-newspaper chain worth?
Is it ...
A) $23 million
B) $14.9 million
C) $13.3 million
D) $3.6 million
Seeing as how there's an equity auction in TWO WEEKS that will determine who will control the Creative Loafing empire, the correct answer could come in handy.
In related print-is-dead news, the Washington Post publilshed a compelling oral history (or was it an obit?) on Sunday about the enviably edgy, CL-owned Washington City Paper. And the Chicago Reader's Michael Miner reported last week on an interesting conundrum plaguing Creative Loafing's top managers.
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