Philly's Inky & Daily News bankrupt

Well, I can't say I'm surprised.

Philadelphia Media Holdings, L.L.C., the company created by Brian Tierney (left) a few years ago that purchased both The Philadelphia Inquirer and the Philadelphia Daily News has filed for Chapter 11 bankruptcy protection.

It's another sad chapter in a long list of them for the nation's daily newspapers, and it's pretty sad to see. It's also sad to see that the once great Inky, as it is sometimes known, continues its downward slide.

Even though I personally dislike him greatly for being the partisan GOP hack that he is, I was pulling for Tierney and Co. to turn around Philly's newspapers. I feel his failure to do so is mostly a sign of the times - the newspaper itself is turning into a relic of yesteryear - something that Baby Boomers and grandfathers read. Personally, I no longer buy them, but I do visit my favorite paper's Websites on a daily basis: the Inquirer's, as well as the LA Times, the Washington Post and of course The New York Times. I don't think that any but the most successful papers have figured out how to make money off of their Websites, yet, but I think it will happen.

But, I do fault Tierney for a few decisions he's made. When the announcement was made that he would be operating the city's newspapers, Tierney pledged that he would not meddle with the editorial content of the papers. I don't think that even his biggest cheerleaders, if they were being completely honest, believed that one. And it didn't take the skeptics long to be proven right.

I couldn't help but laugh when Tierney hired former Pennsylvania Sen. Rick Santorum, who lost his reelection bid in 2006 to Sen. Bob Casey, to be a columnist for the Inquirer's editorial page. Hmm, that was a smart move - it didn't take a genius to figure out that one of the country's most Democratic cities wasn't exactly crying out to hear from one of the most polarizing Republicans in recent memory. Maybe Tierney can, ahem, inquire if Sarah Palin is available to write about her pathetic qualifications for being vice president or president? Yea, I'm sure Philly would love that.

A more damning incident about Tierney's stewardship occurred prior to the '08 election, when the editorial board voted to endorse Barack Obama for president. An editorial meeting about the endorsement reportedly became quite heated when Tierney forcefully pushed for the endorsement of Sen. John McCain. So much for not interfering with editorial content.

And so much for a comeback for Philly's daily newspapers.

Here's hoping that Philly's newspapers survive this latest sad chapter in their respective histories. My prediction is that the Inquirer will survive, but the Daily News will not. It's been rumored for years that the Daily News will be shuttered, and I think within the next year or two, we'll sadly see that happen.