The entire staff of Page Six Magazine will be packing up their desks on the heels of today's announcement that the weekly New York Post insert would move to a quarterly publication schedule. A former staffer tells FishbowlNY that the only full-time employee left standing will be editor-in-chief Margi Conklin, who will put out the magazine with a team of freelancers after the final weekly edition gets tucked into the Post on Sunday, February 15, 2009.

However, it's not all heartbreak once the mag moves to its quarterly schedule just after Valentine's Day...

Our tipster assured us "anybody who is [currently] involved with the magazine will probably be asked to help out" on a freelance basis when it's time for Conklin to put together those quarterly issues, since "everyone there really likes each other." Here's hoping, as the dishy, fashion and celeb-obsessed glossy had a reputation for paying handsomely, with some freelancers enjoying rates of $2/word. Still other media watchers aren't surprised, pointing out that the mag's delayed Web debut this summer -- nearly a year after the pub launched in 2007 -- didn't bode well.

Staffers are reportedly in the office for another two weeks, with their last day occurring sometime in early February. Representatives at the The New York Post declined to comment on this story.