Florida luxury magazine publisher Palm Beach Media Group has announced it will be suspending publication of Tampa Bay Illustrated, citing the “current economy.” The November issue will be the magazine’s last, Folio: reports.

The magazine has 21 staffers on its masthead, a handful of interns, and about 20 contributing writers and photographers.

What happens to them?

LUCKILY, all but four already do work for PBM’s other magazines, so their jobs are safe, group publisher and COO William R. Wehrman has clarified. And the other four, three ad folks and one editorial employee? “The simple answer to your question is,” Wehrman tells us, “any of those people who might want to move to Palm Beach or Naples [where the company still publishes other luxury magazines] would be eligible for hire. We don’t have openings in each discipline, although we might soon. I’m hoping that at some point there’s a place for all of them.”

A spokesperson pegged TBI’s monthly readership at 100,750.