AJC revives practice of white slavery, then retracts
The bidders in the CL bankruptcy should be revealed today
Some headline writer at the AJC had fun with today’s article about the impending CL bankruptcy auction. Before it was corrected, the headline read thusly:
Yes, that’s right — apparently, CL president Ben Eason and his two sisters will also be going on the auction block next week. Do we hear $1,000? Who’ll give me $1,500?
The online headline has since been changed to read:
“Creative Loafing chain up for auction,” which is more accurate, if less amusing.
Anyway, kidding aside, the article portrays the auction as a showdown between Eason and the company’s main creditor, Atalaya Capital Management, an Atlanta-based investment fund. Those who’ve breathlessly followed this ongoing saga will recall that, last month, all parties agreed to end the bankruptcy proceedings with a so-called equity auction in which the newspaper chain would be sold to a qualified bidder who provides the best combination of money and a suitable management plan. The auction is scheduled for next Tuesday, Aug. 25, in a Tampa courtroom.