...that'd be the owner of the Washington City Paper.

Erik Wemple writes:

In a conference call with top company officials, Ben Eason, the company's CEO, said that the step would allow the six papers in the Creative Loafing portfolio to establish a greater online presence while the company reorganizes its operations.

Wemple tells FishbowlDC:

Together with the news about bankruptcy comes the news that our edit cuts won't have to go as deeply as we'd feared. That doesn't mean there'll be no pain whatsoever in our near future; we still have to meet our targets. But it won't be nearly as drastic.