A tipster wrote us a short time ago that rumors were swirling Conde Nast’s Domino had been shuttered, and sadly, it has just been made official. The company just released a statement saying the magazine’s March issue will be its last.

Says Conde CEO and president Charles Townsend: “This decision to cease publication of the magazine and its website is driven entirely by the economy…Although readership and advertising response was encouraging in the early years, we have concluded that this economic market will not support our business expectations.” Full release after the jump.

FOR IMMEDIATE RELEASE
January 28, 2009
CONDÉ NAST TO CEASE PUBLICATION OF DOMINO
New York, NY, January 28, 2009 — Domino magazine will cease publication, it was announced today by Charles H. Townsend, President and CEO of Conde Nast. The final issue will be published in March
2009.

“This decision to cease publication of the magazine and its website is driven entirely by the economy,” Mr. Townsend said. “Although readership and advertising response was encouraging in the early
years, we have concluded that this economic market will not support our business expectations.”

Domino was launched in April 2005. The magazine’s current ratebase is 800,000. Conde Nast, a unit of Advance Publications, includes twenty-three consumer magazines, Conde Nast Digital, the Fairchild Fashion Group, Parade, the Conde Nast Media Group, and the Shared Services Centers.