NEW ORLEANS -- Months after cutting its print edition to three days a week, The Times-Picayune of New Orleans has announced plans for a three-day-a-week tabloid called TPStreet available in stores and newsstands on days when the full paper isn't printed.
On the same day as The Times-Picayune's announcement Tuesday, its rival The Advocate reported on its website that businessman John Georges has completed his purchase of the Baton Rouge-based newspaper and named two former top Times-Picayune news executives to lead it.
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Georges will serve as publisher and former Times-Picayune managing editors Dan Shea and Peter Kovacs will serve as general manager and editor, respectively. The Advocate's announcement said current editor Carl Redman would remain in the position of senior editor.
In The Times-Picayune's announcement on nola.com, Editor Jim Amoss says the new publication will be called TPStreet. It will be published on Mondays, Tuesdays and Thursdays and priced at 75 cents starting in the summer. It will not be home-delivered but will be sold at stores and in newspaper vending boxes.