Philadelphia City Paper has been acquired by Broad Street Me­dia, which announced that it will cease printing the 34-year-old alt-weekly and will merge its web operations with Philadelphia Weekly:

“Sev­er­al of the part­ners of Broad Street Me­dia are also part­ners in R.P.M. Philly, which owns Philly Weekly and South Philly Re­view,” said Perry Cor­setti, pub­lish­er with Broad Street Me­dia. “While we re­spect the his­tory Phil­adelphia has with City Pa­per, we have made a com­mit­ment to Philly Weekly that we in­tend to hon­or. It doesn’t make sense for us to com­pete with ourselves.”

City Paper will officially cease publication on October 8.