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According to Time, the reason for the closure was due to an advertising slump.

They appear to have recovered from the advertising slump of a few years ago.

Particularly in 1990 when I bought the papers it was the beginning of the recession and the worst advertising slump.

Over all, the magazine industry saw advertising slump 3.5 percent last year.

The moves are a result of an advertising slump.

All media companies are suffering from a widespread advertising slump because of the recession.

Profits fell 63 percent in the second quarter because of the advertising slump, the network said.

In each case, the newspaper industry was in an advertising slump.

Both magazines are feeling the effects of the industrywide advertising slump.

The closures were mostly due to the weak economy including an advertising slump.