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The Village Voice is beginning to "wind things down" for good.

The alt-weekly paper will no longer produce any new stories, Gothamist reported Friday. The Pulitzer Prize-winning newspaper, a New York City staple for local news and arts stories since 1955, is ceasing all production.

"Due to, basically, business realities, we're going to stop publishing Village Voice new material," owner Peter Barbey told Voice staffers in a phone call, as reported by Gothamist. About half of the staff will be let go Friday, while the other half, about 15 or 20 people, will stick around to archive old material. Barbey confirmed the news in a statement, saying that "the Voice will not continue publishing."

"I bought the Village Voice to save it, this isn't exactly how I though it was going to end up," Barbey apparently told staffers. He bought the paper three years ago and shuttered its print edition last year. "Today is kind of a sucky day," he said. Read more at Gothamist.