RIP New York Press; welcome back Our Town Downtown

Over at the Observer, 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."

Uh-huh.

Read the whole Observer piece here.