After almost seventy years of fine living and good cooking. :(

One of America's oldest food magazines is closing.

Condé Nast Publications announced it is shutting down the highly respected culinary magazine Gourmet. The publisher is also closing Elegant Bride, Modern Bride and the parenting magazine Cookie.

Gourmet, which debuted in 1941, has been hammered by the US media industry's advertising slump. According to the Publishers Information Bureau, Gourmet's ad pages were down 50% in the second quarter this year compared to 2008.

Jay Rayner, the Observer's restaurant critic and a former Gourmet writer, said working at the magazine "was like flying the Atlantic first class. It ruined you for other food magazines".