The parent company of the Chicago Reader has filed for bankruptcy. But the publisher says that shouldn’t effect the weekly paper.

It was just over a year ago that Creative Loafing, Inc. bought the Chicago Reader. And now the Tampa-based publisher is filing for bankruptcy. CEO Ben Eason says the company has six publications and owes more than it can pay. But Eason says the Chicago Reader won’t experience any noticeable changes, and he says no lay-offs are planned for the time being.

EASON: All the sort of business pieces of this are all pretty sound. It’s just that there’s not as much revenue this year as there was six months ago or a year ago as we’ve been dealing with the economic issues.

Eason says the company is working on beefing up its web operations in hopes of becoming more profitable. The company’s bankruptcy filing reported estimated assets between $10 million and $50 million. It reported liabilities of about the same amount.