ACBJ ACQUIRES STREETWISE
American City Business Journals, which is part of Advance Publications, has acquired Streetwise Media, online publisher of local news, politics, lifestyle and education sites targeted at young professionals in Boston and Washington.
SM says its bostinno.com and inthecapital.com sites attracted more than 2.6M unique visitors last month.
Founders Chase Garbarino and Kevin McCarthy will remain with the company as CEO and CTO, respectively.
“ACBJ is the ideal partner to help us to continue to innovate within local media online and to expand to new cities. With the support of their experience and nationwide platform, we believe Streetwise can become the country's leading local news platform,” said a statement from Garbarino.
The AP unit publishes weekly business journals in 40 cities and its owner of the Sporting News, Hemmings Motor News, Inside Lacrosse and NASCAR Illustrated.
VARIETY CUTS STAFF
Variety is cutting about 20 employees from its 165member staff, mostly in circulation, administration, conference planning and its directories division.
New owner Jay Penske said Variety’s comeback “will include substantial further investments in editorial and digital but will unfortunately require some immediate eliminations.”
There also is a plan to cut frequency from its Monday-Friday Daily Variety publication and the weekly Variety. That effort hasn’t been mapped out yet.
Penske Media is knocking down the paywall on Variety’s site early next year.
HOUSTON CHRON LAUNCHES MAG
The Houston Chronicle is launching a weekly fashion, travel and style magazine, Style, to be included in the Sunday edition of the paper and at chron.com/style.
The printed edition is available only in home delivered copies of the newspaper, intended as a premium for subscribers.
Chronicle lifestyle reporters Lindsay Love, Greg Morago and Joy Sewing are writers. Editing is done by Melissa Aguilar and Jody Schmal.
“Style will spotlight the area's trends every week through top-notch reporting and lush photography,” said Aguilar.
ZYNGA SHUFFLES DECK
David Ko, a Yahoo alumnus, is promoted from chief mobile officer to the COO slot at Zynga, social gaming company. He takes over the position that was held by John Schappert.
Mark Vranesh, chief accounting officer, moves into the CFO slot of Dave Wehner, who departed to Facebook after a two-year stint.
Barry Cottle, a former Electronic Arts, Walt Disney and Palm exec, shifts from a business development post to chief revenue officer.
CEO Mark Pincus, in a note to staffers, credited Ko with helping to “scale our mobile organization” by launching 25 games and uniting development teams