Viacom's print Nickelodeon Magazine is closing down this year after a 16-year run, the company said today.
Nickelodeon Television president Cyma Zarghami said in a company memo that the company has "decided to exit the magazine business" at a time when print publications are "severely challenged."
Nickelodeon magazine is published 11 times a year and claims 7.7 million readers per issue. The company said some staff members will remain on board to put out the final issues but the rest of the staff will be let go.
Nickelodeon Magazine Group previously also published Nick Jr. Magazine and Nickelodeon Comics.
"Laura Galen and her terrific team put their hearts and souls into these magazines, and it showed," Zarghami said in her memo. Their total audience grew to reach more than 13 million loyal readers, she said.