{"id":11374,"date":"2009-08-26T04:29:54","date_gmt":"2009-08-26T12:29:54","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=11374"},"modified":"2009-08-26T05:48:00","modified_gmt":"2009-08-26T13:48:00","slug":"ny-hedge-fund-gets-chicago-reader-5-other-weeklies","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/ny-hedge-fund-gets-chicago-reader-5-other-weeklies.html","title":{"rendered":"N.Y. Hedge Fund gets Chicago Reader, 5 other Weeklies"},"content":{"rendered":"<p>Chicago Sun-Times &#8211; The Chicago Reader, the local alternative weekly, is now under the control of Atalaya Capital Management, a New York-based hedge fund with no previous experience running newspapers.<\/p>\n<p>At a bankruptcy auction in Tampa on Tuesday, Atalaya successfully bid $5 million for the Reader and five other alternative weeklies that comprise the Tampa-based Creative Loafing Inc. alternative newspaper chain. Atalaya beat out Creative Loafing CEO Ben Eason for control of the six newspaper properties.<\/p>\n<p>Creative Loafing got into debt trouble when it borrowed roughly $40 million in 2007 to buy the Reader and the Washington (D.C.) City Paper &#8212; $30 million of it reportedly from Atalaya. The company filed for Chapter 11 bankruptcy protection in September 2008.<\/p>\n<p><strong><a href=\"..\/news_land.php?i=http:\/\/www.suntimes.com\/business\/lazare\/1734186,CST-FIN-reader26web.article?FORM=ZZNR\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n<p><input id=\"gwProxy\" type=\"hidden\"><!--Session data--><\/input><input id=\"jsProxy\" onclick=\"jsCall();\" type=\"hidden\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chicago Sun-Times &#8211; The Chicago Reader, the local alternative weekly, is now under the control of Atalaya Capital Management, a New York-based hedge fund with no previous experience running newspapers. At a bankruptcy auction in Tampa on Tuesday, Atalaya successfully [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[15678,15405,15677,1913,4779,15681,15679,11148],"class_list":["post-11374","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-alternative-weeklies","tag-atalaya-capital-management","tag-bankruptcy-auction","tag-capital-management","tag-chapter-11-bankruptcy","tag-chicago-reader","tag-debt-trouble","tag-hedge-fund"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11374"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11374\/revisions"}],"predecessor-version":[{"id":11379,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11374\/revisions\/11379"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}