Update II: Ben Eason wins.

Update: No word yet, but this is interesting, from former CL Atlanta editor Ken Edelstein: “Bankruptcy attorneys I’ve spoken to say it’s unusual for a ‘debtor-operator’ (such as CLI’s current management) to lose control at this relatively early stage in the game.”

On the day that the Sun-Times files for bankruptcy, the Reader finds out whether the creditors of its bankrupt parent company, Creative Loafing, get to take over the company. I’m just going to drink a bunch of coffee to get in the right frame of mind, and at 1 PM just start listening to the following at ear-splitting volumes.

Or perhaps the loud Wallflowers cover version: