Sports Magazine for Women to Fold

AOL Time Warner said it would stop publishing Sports Illustrated Women to cut costs at its Time Inc. unit.

With a circulation of 400,000 after 34 issues, the spinoff of the company’s 48-year-old Sports Illustrated magazine will end with the December issue.

The company announcement follows news this month that the world’s largest magazine publisher would stop publishing its Mutual Funds magazine. Both closings are casualties of the depressed market for advertising.

Sports Illustrated Women “needed a significant investment to reach its potential,” Time Inc. Chief Executive Ann Moore said.