ACBJ could take over Portfolio site

John Koblin of the New York Observer is reporting that Charlotte-based American City Business Journals has expressed an interest in taking over the Web site of the now-closed Conde Nast Portfolio magazine.

Koblin writes, “American City Business Journals, which is operated by Condé Nast parent company Advance Publications, ‘has expressed real interest in taking it over,’ according to a source.

“But the relaunch wouldn’t come out of 4 Times Square: ACBJ is based in Charlotte, N.C. (is Big Business really leaving us for this Southern dame?), though the new portfolio.com would have a New York office.

“Immediately after the magazine folded, Ad Age reported that ACBJ wanted to take portfolio.com over, but that earlier deal fell through.

“If they get a green light, expect a very small staff to be working on it, including former portfolio.com staffers.”

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