Breaking News: Radar Shutting Down

A source at Radar has just confirmed to the New York Observer that the magazine is closing up shop, and that everyone has to clear their desks out by the end of the day.

The Observer  is also reporting that the web site has been sold to AMI and will become a competitor to TMZ.com.

Maer Roshan introduced Radar for the first time in 2003; it folded after two issues after running out of money. He relaunched it as a bimonthly in 2005 but closed it later that same year after three issues. He then resurrected it for a third time in 2007.

Click here to read our recent interview with EIC Maer Roshan.

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Stay tuned for more details.