Jan. 22: After months of largely theoretical existence, the nonprofit Bay Area News Project leapt toward reality this week by announcing the hiring of its top leaders: CEO Lisa Frazier and Editor-in-Chief Jonathan Weber.

Following the exit of founder partner KQED from the project, the group also said it will  supply stories to the new Bay Area sections of the New York Times.

Frazier, a partner at consulting firm McKinsey & Co., began helping structure the Bay Area News Project last spring, after San Francisco financier Warren Hellman pledged a $5 million seed grant.

Weber is perhaps best known in the Bay Area as the founder of The Industry Standard, a dot-com era magazine famous for its generous salaries and extravagant rooftop parties.

Read more about them here.