Time Inc. is halting production of its fashion title offshoot, Time Style & Design, according to Keith Kelly over at the Post.

The magazine was publishing quarterly under the direction of former Anna protégé and pre-Glenda Harper’s Bazaar EIC, Kate Betts. Like so many other publications, the collapse of the luxury market is to blame. Though Time Inc. says that this is definitely a “suspended publication. We’d hope to bring it back when the economy improves.”

Kate Betts will still be covering fashion for big Time. But sadly the other editorial staffers lost their jobs just as they were gearing up for Fashion Week.

Here’s hoping the magazine can stage a comeback. I rather enjoyed the news-based intellectual angles to many of the stories they covered.