Yep, you read that right. Effective immediately, The Grid TO will be shutting down both its print and online magazine – publishing its last print magazine tomorrow, July 3. Despite its large fan base and loyal following, insufficient funding means saying goodbye to the Toronto culture magazine.

Well, we gave it our best shot. After 162 issues, this Thursday’s issue of @TheGridTO will be our last. We are shutting down immediately.

— TheGridTO (@TheGridTO) July 2, 2014

We’d like to thank our incredible staff and contributors and especially our readers for their tremendous support. This city is the greatest.

— TheGridTO (@TheGridTO) July 2, 2014

Since May 12, 2011, the award winning publication has built a reputation of being an innovative magazine for the young and hip people of the Toronto core, both online and in print.

Although The Grid (owned by Star Media) will no longer be a running publication, “some of The Grid’s popular events will move to [their] Metro publication,” said Star Media Group President, John Cruickshank in a press release.

“We are very proud of The Grid’s accomplishments and we have learned a great deal from the experience. Laas Turnbull, The Grid’s Publisher and Editor-in-Chief, and his team are rightfully proud of their tremendous accomplishments and success in producing top-quality, internationally-acclaimed publication that forged new ground in publishing aimed at a young urban crowd.“

We would like to thank The Grid TO for all of the great content that they have produced, and for being an excellent source of culture and entertainment news for Torontonians.