Not a surprise that Philadelphia Newspapers Chief Brian Tierney will be leaving the company he helped create with the 2006 purchase of the Philadelphia Daily News and Philadelphia Inquirer. The Daily News reports his last day as CEO is Friday.

“He will remain as publisher of the Inquirer until the bankrupt company is officially sold to its prospective owners and will be available to consult with the new owners 'as needed,'” the Daily News reports. “Yesterday's agreement resolved differences between Tierney and the papers' incoming owners that had threatened to torpedo a peaceful transition until ownership officially changes hands.

”Tierney said in an interview that he agreed to leave as CEO because he 'didn't want to be a lightning rod' for controversy during the transition to new ownership."