Alternative weekly publisher files bankruptcy

TAMPA, Fla. (AP) -- The publisher of a chain of alternative weeklies from Tampa to Chicago has filed for bankruptcy.

Creative Loafing Inc. filed for bankruptcy Monday in Florida. The Tampa-based company owns publications in Atlanta; Tampa Bay; Charlotte, North Carolina; Sarasota; Chicago and Washington.

The filing comes about a year after Creative Loafing's July 2007 purchase of The Chicago Reader and Washington City Paper.

According to the filing, Creative Loafing reported estimated assets between $10 million and $50 million. It reported liabilities of the same amount.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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