If you are a Conciliar catholic, I don't understand why this would be "bad news".
You have a pope and a new bishop who is in full communion with that pope. You have the Conciliar sacraments and the Conciliar catechism. You have the assurance that everyone goes to heaven. You have a Sunday/Saturday afternoon service that you can "fully participate" in. You have peace, joy, and luv. You have schools helping to make the church "relevant" to today's kids. You have Catholic Charities to compete with the Salvation Army, the Catholic Campaign for Human Development to bring the dogma of Socialism to the masses, and probably your annual Bishop's Appeal to help pay the tort claims against the diocese.
You have a New Springtime, a New Pentecost. You have a religion that speaks to Modern Man and uplifts the Human Spirit and doesn't condemn. All is wonderful!
On the other hand, if you are a traditional Catholic, this man, who is likely a layman anyway, is just as relevant to you as the local Anglican bishop, Lutheran minister, the Islamic Imam, or any other non-Christian clergyman.
So...What was this about "bad news"?