ACBJ deal for Portfolio site closes

Portfolio.com will migrate to a new home as part of the American City Business Journal’s bizjournals.com effective in July, according to a release expected to be sent out later Wednesday.

Bizjournals.com will oversee both the editorial and business sides of the site. The Portfolio.com editorial team and sales staff will be based in New York. In addition to newly created content, the site will share content with other Condé Nast sites such as Wired.com, GolfDigest.com, and WWD.com, as it did before.

American City Business Journals and Condé Nast are owned by the same parent company. The print edition of Portfolio closed last month after a two-year run.

The site will also remain the home of the archives of all the content published by Portfolio’s print and digital properties over the past 24 months.

“We are excited about continuing Portfolio.com and including the site in the bizjournals network because we were impressed by Portfolio’s strong web presence, its clean and crisp design, and its voice in the business journalism marketplace,” said Tim Bradbury, president of new media at American City Business Journals, in a statement. “We believe our readers will benefit as the re-launched Portfolio.com will have a stronger focus on industry news and a greater mission to offer information relevant to today’s business professionals.”

Portfolio.com will leverage the skills and insights of the more than 600 ACBJ business journalists around the country. The site now will have access to local market intelligence and work collaboratively with ACBJ newsrooms across the country, presenting local insights through a national lens and making it unique among national business media.