Centaur Media has decided to fold its Public Sector Building magazine citing diminishing advertising revenues in the wake of government cuts in the sector.
The magazine, established in 1989, was published six times a year and distributed free of charge.
PSB catered to a readership of architects, specifiers and budgets controllers responsible for the building maintenance of houses, education, healthcare, and sports and play facilities.
Publishing director Derek Rogers said the magazine was closed for "commercial reasons" as it had become very difficult to produce the title profitably.
He said PSB had been marginalised following the reduced activity in public sector construction, adding that the decision to pull the magazine from the market was taken after polling advertisers.
He pointed out that advertisers were not willing to support a title in an area of construction that was of diminishing value to them.
Two employees of the magazine were made redundant as a result of the move -- the editor and a part-time member of staff. Three others were retained by the company, Rogers added.