Way back in May we mentioned that Giant was folding and gave at least two possible reasons why. One: it sucked. Two: its newly hired editor-in-chief, Smokey Fontaine, has a terrible history of killing magazines with boring content. Well, we were right! The mag has been deaded and this time they’re not even gonna try and deny it. Read their Sixth Sense-like revelation below acknowledging the inevitable:

“The economic downturn has had a tremendous impact on print media and we had to make the decision to suspend printing the publication,” said Tom Newman, president of Interactive One in a statement.”

|Biz Journal via Gawker|