Kat Stoeffel reports that Manhattan Media is shuttering New York Press and, on Sept. 1, relaunching Our Town Downtown — "a magazine/community newspaper hybrid."
In a telling statement, Publisher Tom Allon said: "Downtown has changed, it's more ripe for a community paper than an alternative paper."
Here's more from Mr. Allon:
"It'll compete with the Voice for hipsters, Downtown Express for community activists, and New York magazine for intelligentsia who care about real estate and their home values."
Read the whole Observer piece here.