Fab Magazine, Toronto's first publication targeted specifically toward gay men, will cease publication this Spring on account of financial restructuring at publisher Pink Triangle Press. In a farewell note published earlier this afternoon, Editor Phil Villeneuve broke the news (which had already been circling on Twitter) and hinted that additional resources will be devoted to Xtra!, which is also published by Pink Triangle. At least some of that content will be similar to what's currently found in Fab.

"Later this year PTP will launch a new website called dailyxtra.com, which will replace xtra.ca," he explains. "Daily Xtra will incorporate much of Fab's online content and will have increased coverage of the queer travel market."

Nevertheless, it's not without some sadness that the magazine's staff and, no doubt, readers bid goodbye. It's an all too familiar story, and one that I'll let Villeneuve tell. In summing up the closure of the publication, he writes:

"The realities of the print publication world have finally taken their toll on our free glossy. Pink Triangle Press has had to make some difficult decisions over the years, including closing The Body Politic back in the day. Today, the press simply can't afford to keep the magazine running. Despite the contributors, content and the amazing people that fill its pages, it's time to say farewell."

But don't think we're going out with a whisper. Fab is a unique publication and an iconic one for our community. We plan to celebrate it with a final goodbye issue, as well as a great big party. So stay tuned for details, because we'll want to see you all there -- and be sure to get your hands on that final issue, 'cause those bitches will be collectors' items by Pride."

So long Fab — you'll be missed.