Philadelphia City Paper has been acquired by Broad Street MeÂdia, which announced that it will cease printing the 34-year-old alt-weekly and will merge its web operations with Philadelphia Weekly:
â€œSevÂerÂal of the partÂners of Broad Street MeÂdia are also partÂners in R.P.M. Philly, which owns Philly Weekly and South Philly ReÂview,â€ said Perry CorÂsetti, pubÂlishÂer with Broad Street MeÂdia. â€œWhile we reÂspect the hisÂtory PhilÂadelphia has with City PaÂper, we have made a comÂmitÂment to Philly Weekly that we inÂtend to honÂor. It doesnâ€™t make sense for us to comÂpete with ourselves.â€
City Paper will officially cease publication on October 8.