Torontoist finds "the perfect home" with its purchase by Toronto Life publisher

[This post has been updated]The Torontoist blog has been purchased by St. Joseph Media, the publishers of Toronto Life. The sale and purchase was announced late Monday evening in a joint press release from the two companies, also reported by a story on the Globe and Mail website. It's not known what this means to the content partnership of the online-only Torontoist with the Globe which has been