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The Public Library Journal, published by the Public Libraries Group of CILIP, is to cease publication after 26 years.
The PLG said it was making the announcement "with profound regret" but that financial reasons were behind the closure.
The group said: "Ever-increasing funding problems have, unfortunately, had a significant impact on PLG's ability to finance the production of the journal; it is no longer something which the group can afford to sustain...As reforms to PLG progress, it is hoped that the spirit of PLJ will be continued in a new form."
No job losses are involved in the closure of the journal, which was produced by a volunteer committee.
The PLG thanked all contributors to the journal over its history. It said: "The journal's editorial board has worked extremely hard to bring readers the kind of high quality content from which we have all benefitted as professionals, and which has helped us learn about the latest thinking and innovative ideas in public librarianship."