ACBJ, which like Conde Nast is a unit of Advance Publications, will manage the business and sales staffs of the Web site, which will be based in New York. The site will feature original content, as well as that from other Conde Nast Web sites and archived Portfolio content.
An Advance representative could not be immediately reached for comment. However, Tim Bradbury, president of new media at ACBJ, said in a statement that the relaunched site "will have a stronger focus on industry news and a greater mission to offer information relevant to today's business professionals."
The site will relaunch with an editorial staff of about five, Bradbury told The New York Observer. Josh Moss, Portfolio.com managing editor, will be the site's lead editor, the Observer reported.