Statement from Wilmington, publishers of Press Gazette:

“Unfortunately 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 last hard copy edition of Press Gazette will therefore be the May edition which will be published in April.”

Full story at this link…

Update: Over at MediaGuardian Roy Greenslade reports that there will be no future news content on the site:

“There will be no journalism on the site,” said Les Kelly, the managing director of Wilmington’s media and entertainment division.

He added: “There will not be news coverage but we will develop the site to offer other services, such as training and freelance referrals.”