Brian Conley, a Knoxville real estate developer, has reportedly made an offer for the entire Creative Loafing Inc. chain of six alternative weeklies, including the Chicago Reader. Conley has offered $13.3 million.
That's about one third of the debt that drove Creative Loafing to file for Chapter 11 bankruptcy in September, 2008.
Lewis Lazare has written the Media Mix column for the Chicago Sun-Times for the past seven and a half years.
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