08/18/2011 01:53 pm ET | Updated Oct 18, 2011

'New York Press' Is Out, Downtown NYC Getting 'Our Town Downtown'

As has been rumored for weeks, Manhattan Media is shutting down the New York Press and reviving Our Town Downtown, starting September 1. The weekly publication--a magazine/community newspaper hybrid, according to the press release--will focus on news, politics, real estate and the arts in lower Manhattan. A 20,000 copy run will be circulated below 14th Street.

Read more on The New York Observer