Hachette is folding Metropolitan Home magazine. Its December issue will be its last.

We heard rumors this morning, and now Hachette has confirmed it in a press release.

"It is with a feeling of sadness that I make the announcement to close one of our magazines," says Lemarchand. "However, we believe the best strategy in the upscale shelter segment is to boldly focus our resources and investment on ELLE DECOR, which is the ad-page leader within the U.S. market. Despite the downturn in ad pages that has affected all magazines, the ELLE DECOR brand has multiple opportunities for growth across all platforms."

No word yet on the number of layoffs. If you know more, email us.

UPDATE: One (unconfirmed) tipster tells us that the entire editorial staff is being let go, and the business staff will be absorbed into other publications.