Nintendo Power shuts down after 24 years of publication.

After more than 280 issues and 24 years in print, Nintendo Power magazine will cease monthly publication, according to a report from Ars Technica citing a source.

Current publisher Future US is reportedly planning to end its run on the Nintendo enthusiast magazine which it assumed licensed control over in 2007. Ars Technica's source indicates that Nintendo was "uninterested" in renewing its publishing contract with Future or "in taking part in a number of digital initiatives" the publisher deemed necessary for the "long-term health of the brand."

Nintendo Power editorial is said to transition to Future's other outlets, including MacLife, GamesRadar and @Gamer.

Polygon has contacted Nintendo and Future US seeking confirmation on the impending closure of Nintendo Power magazine, but has not yet received a response. Nintendo Power senior editor Chris Hoffman has indicated on Twitter that the magazine will indeed cease publication, tweeting "We'll try to make the last issues memorable."

Nintendo Power's first issue was released in the summer of 1988. The magazine, a successor to the Nintendo Fun Club, was published bi-monthly until 1990, when it began to publish on a monthly cycle. Future US took over publishing of Nintendo Power in October 2007 with issue #222. The magazine currently boasts a total circulation of 475,000 copies, according to Future.

Update: Nintendo of America has confirmed the shuttering of Nintendo Power magazine with its December 2012 issue. A statement from the company follows.