The Washington Business Journal has a rather curious update on the bankruptcy proceedings for Creative Loafing, the owner of the Washington City Paper, among other publications.
Judge Caryl E. Delano will decide whether the Tampa chain will remain under control of publisher Ben Eason or Atalaya Capital Management, which says it’s owed $31 million in loans used by the paper to purchase Washington City Times and Chicago Reader in 2007, according to Creative Loafing reporter Wayne Garcia. The decision is expected at 2 p.m.OK, so we'll look for that 2 p.m. decision tomorrow... but what on Earth is the Washington City Times? A likely answer can be found from the City Paper's own Dave McKenna: that report by Garcia from Creative Loafing-Tampa Bay HQ originated the error, and the WBJ appears to have repeated it in the text of their story (though not in the headline). Ouch.
UPDATE: More instances of Washington City Times in Biz Journal publications: the name was also used by the Tampa Bay Business Journal on Sept. 29, 2008, and Dec. 19, 2008, both sourced back to Garcia. Something tells us Garcia and the Biz Journals should be on the lookout for an email from City Paper editor Erik Wemple today.



It all makes sense now. Creative Loafing accidentally bought the Washington Times instead of the Washington City Paper. No wonder they're hurting.
Yeah, since those creative loafers originated the mistaken identity, it's no wonder they are screwed. When you can't even get the name printed on the cover right...
I'm in favor of whoever fires Jason Cherkis.
I'm sure they'll find some way of blaming this on me. I'm the poster chimp for bankrupting newspapers and toppling third-world dictatorship. I swear, you break the bank at Monte Carlo once, and you're paying for it for LIFE! Alright! So I made a mistake! One mistake! Can't a guy start over? Do I have to keep PAYING? HUH!? MAYBE I SHOULD MAKE ANOTHER MISTAKE! MAYBE TWO MORE!
Creative Loafing also owes $10 million to Chantilly's BIA Digital Partners. What's up with that?