COX TO TAKE STAKE IN ATLANTA ALTERNATIVE

By: Staff Reports

Creative Loafing Owns Several Southeastern Papers





Cox Enterprises will buy a 25% stake in the Creative Loafing alternative newspaper group, according to a report in the Cox-owned Atlanta Journal-Constitution.



The family-owned group disclosed this summer that the papers, in several Southeastern cities, would undergo a change in ownership. Cox did not disclose how much it would pay for the stake.



Founders Debby and Elton Eason will sell a controlling interest to their three grown children, according to the AJC.



In Atlanta, the chain publishes three free weeklies: Creative Loafing, Gwinnett Loaf and Topside Loaf. Other papers are published in Charlotte; Raleigh, N.C.; Greenville, S.C.; Tampa, Fla.; and Sarasota, Fla.



If the deal is completed, Cox will have its first stake in alternative publications. However, the AJC has printed Creative Loafing on its presses for nearly a decade.





Copyright 2000, Editor & Publisher.

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