This just in: A judge just gave Brian Tierney & Co. a new lease on life (maybe), saying that when the Inquirer and the Daily News go to auction this month, creditors don’t have the right to include existing liens in their bid prices. Translation: Unless it’s actual cash-in-hand (and not a sticky stack of coffee-stained I.O.U.’s), a bid won’t count. This may give Tierney and his gang a leg up, seeing as how they’ve already raised a significant chunk of cash in the hopes that something like this won’t happen, and also that creditors may not be inclined to throw good money after bad.

Also: Remember this guy, anybody? Well, a different judge, in a different case — although one could argue that the Inky’s poor fortunes and Stephen A. Smith in some ways are mercilessly intertwined — ordered that Smith should have his Inky column reinstated, and he should receive back pay because the Inky unfairly fired him when everybody finally realized that the dude is a giant dick. Remember what they taught ya in church, y’all: The Lord giveth, the Lord taketh away, and sometimes, the Lord just gives old shit back to you because it’s fucking funny.

This entry was posted on Tuesday, November 10th, 2009 at 3:15 pm.