Toronto’s award-winning The Grid magazine is closing down, both in print and online, the publication’s owner announced Wednesday.

“After 162 issues, this Thursday’s issue of @TheGridTO will be our last. We are shutting down immediately,” the weekly newspaper announced on its Twitter account.

The weekly publication, aimed at Toronto’s young and vibrant downtown core, was unable to generate sufficient revenue despite a strong and loyal following, Star Media Group said in a statement.Toronto’s award-winning The Grid magazine is closing down, both in print and online, the publication’s owner announced Wednesday.

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