Reader Parent Files For Bankruptcy

How weird, after reading a particularly sharp and on-point criticism [via Gapers Block] of The Reader's consistent decline in quality in the recent past we came across earlier today, we now learn that the company that bought the paper in 2007 -- Creative Loafing -- has just filed for bankruptcy. They claim this move will alow them to reduce the cuts to editorial staff the company had planned, but given how the weekly's changed since being bought we're not exactly sure that's good news.