Here is the latest in the long saga of How The Metro Became The Only Daily Newspaper In Philadelphia, or, The Brian Tierney Pentagram Of Doom: Fuck ‘Em If They Can’t Take A Joke Edition. Philadelphia Newspapers Inc.‘s creditors — who already threw their dicks out on the table and said, “Hey Philly, we can make all of this badness go away if only you let us FIRE BRIAN TIERNEY, for Chrissakes already!” — are claiming that Tierney & Co. are not using the breathing room that filing for bankruptcy provides them. As in, they’re not working on it: They’re just, like, going on TV a lot, conning bloggers into doing free market research for them, searching the office for bugs, wishin’-hopin’-thinkin’-prayin’ for a magical time machine that would let them go back in time and steal the idea for Craigslist, and all the other things you do when you don’t want to do your homework and just wish that mom would let you go play Nintendo already. But here’s how filing for Chapter 11 bankruptcy protection is supposed to work: Normally, if you’re not paying your creditors (as here), they can take all your stuff. Filing for bankruptcy gives the debtor (Tierney) room to reorganize. And apparently, Tierney’s not reorganizing, so say the creditors. If that’s true and Tierney’s delays or non-actions are bad enough, they’ll allow the creditors to go forward. Or at least, the court should let the creditors go ahead, or at least give Tierney & Co. a stern talking-to, and not, say, just roll over and give PNI a sixty-day extention, LIKE THEY JUST DID. Nevertheless, the barbarians are at the gate, and the lock is weakening. That’s the story. And of course, we’re still boycotting. Just in case you were wondering about any of that.

This entry was posted on Tuesday, June 16th, 2009 at 3:14 pm.