A Philadelphia alternative weekly newspaper will stop printing after it was purchased by a company whose investors include the publishers of a competing publication.
Broad Street Media LLC said Wednesday it expects to incorporate Philadelphia City Paper's best features into Philly Weekly and combine their websites.
SB New York Inc., which publishes the free Metro daily newspaper in Philadelphia, New York and Boston, had owned Philadelphia City Paper since August 2014.
City Paper will cease print publication Oct. 8.
Broad Street Media publisher Perry Corsetti says the company respects City Paper's history, dating to 1981, but doesn't want to run competing newspapers.
Both publications provide extensive coverage of the city's food, arts, music and entertainment scenes and, as of last year, reported circulating around 63,000 copies each week.
