From a source close to the proceedings: “Asia City Finance Director just made the official announcement: SH will cease publication with the December 19th issue. They’re tired of subsidizing the Shanghai office’s monthly loss, which is substantial, and in light of the global economy, they’re stopping publication. … They’ve got a few interested parties who they’re in talks with, but nothing has been signed and mid-December is the deadline for that. Their plan for the future: A website. The same one they have now, perhaps not even run by anyone in Shanghai, but instead done by their Hong Kong office.” The ellipsis you see in the text above replaced these thoughts from our source: “Cough, cough, bullshit, cough. It’s not nearly the whole story, but it certainly provides them a convenient cover for exiting the market. Sales figures were way down well before any of the current economic crises. Cough, cough.” Previously: You could be the next owner of SH Mag!