In a statement posted on its website, Bauer Media explained that "over time young men's media habits have continually moved towards mobile and social."
A report from The Guardian revealed that FHM's circulation fell to less than 67,000 for the first six months of 2015, or 20 percent less than that of the year before.
The Facebook page of FHM issued its own statement, saying: "Unfortunately it's true: it has been announced today the intention to suspend publication of FHM."
"It's been an absolute joy producing the magazine over the years. Thank you for all your support - we will keep you updated with developments over the coming weeks," it added.
Bauer Media also announced that it is suspending publication of a similar magazine called Zoo, which was launched back in 2004.
First published as "For Him Magazine" in 1985, FHM dominated the men's market during the 1990s and went on to launch a series of international editions. It is perhaps best known for its "100 Sexiest Women in the World" list.
FHM Philippines has yet to release a statement on the matter.
source: www.abs-cbnnews.com
