One of the many benefits of having competing newspapers is that the coverage is so much more fun when one of them is on the rocks. The Philadelphia Bulletin on the Philadelphia Inquirer:

The holding company for The Philadelphia Inquirer and Daily News, as well as Brian Tierney [below] and other employees of the papers, are seeking bankruptcy court protection, without filing for bankruptcy.
The request, submitted to the court on March 23, seeks to extend Philadelphia Newspapers’ stay — a court-imposed legal mechanism protecting it from creditor lawsuits — to personally cover PMH CEO Mr. Tierney as well as “certain reporters, editors or other employees.”
They were not named as debtors in the initial bankruptcy proceedings. These non-debtors have been named in various lawsuits, and Philadelphia Newspapers, LLC is now asking the bankruptcy court to prevent these suits from moving forward against these defendants. If granted, they would have immunity from lawsuits, even though they have not filed for bankruptcy.