The magazine industry is in heavy decline and the latest casualty is music magazine Paste. Paste magazine announced yesterday that it will no longer publish a print edition.

“Struggles with mounting debt were made public last year when our readers responded with generosity to save the magazine. But the prolonged downturn of the ad market has forced a hiatus”, according to a post on the site. Moving to web-only has hurt other publications, but the magazine’s staff vows to fight on. “Paste, while considering strategic alternatives, is focusing on its digital assets, including PasteMagazine.com.”

“We thank all of those who have shown such tremendous support to a vision of independent media focused on Signs of Life in Music, Film & Culture, including subscribers, advertisers, writers, photographers, illustrators, publicists, record labels, movie studios, book & game publishers and others in the press.”