Gay weekly Chicago Free Press is closing down, gay website reported.

Officials with the paper asserted in December that a reported cash crunch was brief and would not affect the paper's long-term health. The problems, however, pushed several key employees to walk out, including the paper's editor in chief, art director, graphic designer and many of its writers.

“The senior staff did not resign; it was simply a matter of leaving because of non-payment,” Matt Simonette, the paper's former editor, said at the time. “People were coming in there and doing their jobs for free. It didn't sit well with us.”

The paper resumed publication after a brief one-week breather, but apparently continued to stumble.

On Monday, Free Press Managing Editor Kerrie Kennedy confirmed the paper was shuttering after its April 29th issue failed to appear on newsstands.

“While this is unfortunate, I'd like to focus on the wonderful history of CFP,” Kennedy said.

Publisher David Costanzo, a former investment banker and lawyer, purchased the paper in 2002, three years after its debut as an alternative to Chicago's oldest gay weekly, Windy City Times. The publication was initially founded by former Windy City staffers. is reporting that Costanzo has decided to end funding of the operation.

The Free Press is only the latest victim of a prolonged downturn in gay media. Last year, the mini gay publishing empire of Window Media cratered under the weight of its financial obligations, ending press runs for several LGBT papers from Florida to Washington, including the iconic Washington Blade and Atlanta's Southern Voice. Southern Voice returned two weeks ago, while the Blade resumed publication last Friday.