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.