TORONTO: So far, the widespread content and job cuts by US media outlets hasn't spread north of the border, but the Canadian magazine industry is hurting.

In recent weeks, Masthead, Ukula, Frank, and Dream House have all announced plans to cease publication. Leading consumer magazines, meanwhile, were hit with a 12.2% combined drop in ad pages during the third quarter of 2008, versus the same time last year, according to Leading National Advertisers Canada.

Magazines Canada, which ...