This just in:

Celebrity Living has closed. Shut down. Finito. Dunzo.

Literally, we just got a one-line sentence as a tip, and are further investigating as you read this. No time for jokes, people — more to come as we get updated.

Update: So far, this is the only further information we were able to extract: At a sales meeting on Thursday afternoon, it was announced that the celebrity weekly, which launched about a year ago, was being shut-down. A sales rep at Star (who we were patched through to in an attempt to contact media relations) responded, "oh, no, that has not happened." Our reliable source, however, is sure it has.