Talk magazine, the glossy US monthly edited by Tina Brown, fell victim to the economic climate - and closed after less than three years.
The New York-based publication blamed the economic downturn in the aftermath of the September 11 terror attacks for its demise.
‘‘It cannot be anything but sad for all of us,’’ Ms Brown said in a statement. ‘‘Unfortunately we had to be realistic about the fact that 2001 and 2002 to date represent the worst period in memory for general interest magazines.’’
The February issue currently hitting the newsstands will be its last.
Madonna and Robert De Niro were among the stars who attended Talk’s glittering launch party on Liberty Island in New York in August 1999.
Media giants Miramax Films and Hearst Corporation backed the magazine which aimed to rival long-standing US glossies Vanity Fair and the New Yorker, both of which Ms Brown had previously edited.
But they reconsidered as it struggled to make a profit, despite a strong circulation of more than 600,000.
In a joint statement, Hearst president Frank Bennack and Miramax films co-chairman Harvey Weinstein said: ‘‘We entered into this project with confidence that the magazine could be profitable in a reasonable time frame, but the prevailing economic climate forced us to readjust our thinking.’’