Crunch is filing for Chapter 11 bankruptcy, so soon we'll have an airtight excuse for why we're fat. Or will we? According to the Wall Street Journal, the deal arranged by Crunch would allow it to be acquired by two private-equity firms and only have to close just one of 30 locations—the one on the chopping block is down by the bottom of Broadway (and it's apparently already closed, according to a reader; see below), near Bowling Green. Crunch execs are blaming the company's poor health on weak membership sales and a number of unprofitable club locations that have "overpriced long-term leases." They're also furious with Bally's Total Fitness for allegedly misrepresenting the number of active members before Crunch bought 25 Ballys in 2006. more ›