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Former St. Petersburg Times publisher Marty Petty named CEO of Creative Loafing

A month after leaving her job as publisher of the St. Petersburg Times, Marty Petty is back in the newspaper business.

Creative Loafing LLC, the Tampa chain of six alternative weekly newspapers that recently emerged from bankruptcy, chose Petty as its new chief executive.

Petty, 56, will oversee Creative Loafing editions in Tampa, Sarasota, Charlotte and Atlanta, as well as the Chicago Reader and the Washington City Paper. Petty also joins the company's board of directors.

"I'm invigorated by the possibilities to deepen relationships with our readers and advertisers and expand our influence in our communities," Petty said in a company news release.

Creative Loafing got a fresh start in August when New York hedge fund Atalaya Capital Management wrenched control of the chain from the Eason family. The Easons declared bankruptcy after defaulting on a $30 million debt to Atalaya, which financed the chain's expansion in 2007.

CL's combined weekly print circulation exceeds 400,000. Petty worked for the Times for nine years.

Former St. Petersburg Times publisher Marty Petty named CEO of Creative Loafing 11/16/09 [Last modified: Monday, November 16, 2009 6:29pm]
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