Remember former Business 2.0 editor Josh Quittner, whose tech magazine got shut down by parent company Time Inc.? Now an executive editor at Fortune, he outranks, on paper, assistant managing editor Jim Aley — the man he replaced as Business 2.0's editor five years ago. Which makes the following curious: The New York-based Aley, pictured above, is in town this week. Valleywag hears he started off his visit with a breakfast with Quittner. And then Aley met with the remnants of Business 2.0's staff, who now make up Fortune's San Francisco bureau — without Quittner. Remind us again who's in charge here? And if you want your startup written up in Fortune, who's the right guy to schmooze?

Time Inc. has officially announced Business 2.0's closure in an internal memo obtained by Jossip. In it, Time Inc. executive John Squires explains that folding in some of Business 2.0's staff into Fortune will give it "the largest San Francisco bureau of any major business publication." The Wall Street Journal bureau will still be twice its size, but never mind — we assume Squires meant "magazine." No, what's interesting in the memo is what's not said.