Former Aerosmith Manager, Real Estate Investor Buy Grandparents.com

Grandparents.com

Steve Leber, best known as the former manager of the rockband Aerosmith, along with New York real estate investor Joseph Bernstein, have purchased Grandparents.com, which features city guides, activities, and tips — all designed to improve grandparents’ relationships with their grandkids. Leber, who himself has six grandkids, will be chairman, while Bernstein will be CEO. Not clear what is happening to Jerry Shereshewsky, the former Yahoo (NSDQ: YHOO) ad executive who had been CEO since the site’s inception three years ago resigned in March; we’ve asked and will update if we hear back.

Leber and Bernstein say they hope to more than double the site’s current audience within 18 months to two million unique monthly visitors. Grandparents.com had been backed by private investment firms Laser Partners and TWS Partners. No financial terms were disclosed.

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