New York hedge fund Atalaya Capital Management were the winners in a bankruptcy auction in Tampa today to see who would control the Creative Loafing newspaper chain, owners of the Washington City Paper and other alternative weeklies, reports the St. Petersburg Times. Atalaya was Creative Loafing's largest creditor by far, and they took control of the company by significantly outbidding a partnership made up of now former Loafing CEO Ben Eason and another hedge fund creditor, BIA Digital Partners. Atalaya offered $5 million, while the Eason group opened with $2.32 million. more ›