The Heartlander, which covered the Perthshire area of the Scottish Highlands, was set up last year with a launch edition produced in June 2015.
However, Highland Perthshire Media Limited, a not-for-profit society which runs the magazine, says the income from sales has not been enough to cover the cost of producing the monthly publication.
The magazine employed a full-time paid editor, designer, finance assistant and marketing assistant. The organisation hopes to begin publication again in future, but has not yet set a specific time frame for this.
A statement on the Highland Perthshire Media website reads: “After the first paid-for edition was published in October 2015, we received significant support from many quarters. Readers were enthusiastic about the content of the articles and many people offered to provide contributions. Gradually sales have been rising each month as more people became aware of The Heartlander’s existence.
“Unfortunately, income from sales is not enough to cover the cost of producing such a high quality monthly magazine. We have been relying on income from advertisers to provide a significant proportion of the required revenue. Sadly, this has not materialised despite support from some high profile businesses in Perth.
“At an HPM Board meeting on Monday 6 June 2016, it was decided to suspend publication of The Heartlander. After taking legal advice, HPM has now been put into liquidation.
“We hope that one day there may be better financial support for our magazine and that The Heartlander will start publication once again.”