- Associated Press - Wednesday, September 30, 2015

PHILADELPHIA (AP) - The Philadelphia alternative weekly newspaper City Paper 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 City Paper’s best features into the competitor, Philly Weekly. It also will combine their websites.

SB New York Inc., which publishes the free Metro daily newspaper in Philadelphia, New York and Boston, had owned 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 free publications provide extensive coverage of the city’s food, arts, music and entertainment scenes. As of last year, each reported weekly circulation of around 63,000.

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