Press Gazette, the monthly magazine for journalists, is to close.

According to the publishers, Wilmington Media, “Press Gazette, along with much of the profession, has suffered from a declining market during these years and its losses have increased. We have therefore been forced to conclude that the market required to sustain a commercially viable Press Gazette magazine no longer exists.”

The final issue of Press Gazette will be the May edition, which will be published in April.

Following the success of the online edition of Press Gazette, Wilmington now aims to develop the website as a resource for the UK journalism community. The publisher is planning to roll out additional functionality in the coming months, though will not be offering any magazine content online.

Wilmington also remains committed to running the British Press Awards and similar events.

[lnk|http://www.featuresexec.com/publications/info_features.php?pubid=127|_self|Press Gazette]