DNAinfo, a local news company owned by TD Ameritrade founder Joe Ricketts, announced Wednesday that it has reached an agreement to acquire Gothamist LLC and its network of city news sites.

The initial plan, according to a press release, is for Gothamist to become the official blog of DNAinfo New York, handling citywide events, viral stories and food and arts coverage, while DNAinfo’s reporting staff continues to focus on neighborhood news. Likewise, Gothamist’s sister site Chicagoist will become the official blog of DNAinfo Chicago.

Other Gothamist sites — including LAist in Los Angeles, SFist in San Francisco and DCist in Washington — will maintain their existing websites while integrating relevant content from DNAinfo.

“By joining forces with Gothamist, DNAinfo will be able to do an even better job of fulfilling its longstanding mission, which is to bring people the most relevant and interesting news and information about their neighborhoods,” Ricketts said in the release. “We think the result will be the most potent online source of neighborhood news and information available anywhere.”

Ricketts, who retired from TD Ameritrade in 2011, founded DNAinfo in 2009. Gothamist was founded in 2003 as a news and culture blog in New York before expanding to other cities.

“Joe Ricketts shares our belief in the importance of neighborhood news and the conviction that unbiased reporting is critical to our democracy,” Gothamist publisher and co-founder Jake Dobkin said in the release. “We look forward to working together for many years and helping DNAinfo achieve its full potential in multiple cities.”

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