Toronto's local version of the A.V. Club, an extension of satirical news publication The Onion, will disappear from newsstands next Thursday after Star Media Group - the franchisee that manages, prints and distributes the paper - decided to pull the plug in the face of declining ad revenues and other "economic pressures."

Launched in the fall of 2011, the Canadian print version of The Onion and the accompanying local A.V. Club website was the first foray abroad for the popular American company. In a memo this afternoon, the group behind the Toronto Star, Metro, and The Grid said there would be no job losses on the Star Media Group side. According to Twitter, things are a little different on the A.V. Club end. Editor John Semley Tweeted that he and several other members of the team are out of the job as a result.

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John Semley
@johnsemley3000

I can confirm that @AVClubToronto is going dark. Last print issue next Thursday, last day of online content next Friday. Thanks for reading.

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17 minutes ago via Twitter for iPhone · powered by @socialditto

Toronto isn't the first city to lose its A.V. Club franchise. Cities like Ann Arbour and Denver have also seen their versions close down in recent months, too. The site's last day online will be next Friday.

So, it didn't last long but will the loss of The Onion be a significant blow to the Toronto's alt-daily scene? The A.V. Club consistently turned out good writing, and I know I'll miss headlines like "Lost Cat, Dog On Journey Die Immediately" from the Onion now that the main site is behind a paywall of sorts. Give us your thoughts.