Conde Nast is closing down Jane magazine after a 10-year run for the fashion and beauty publication targeted at women in their 20s, the publisher said on Monday.

The August issue will be the last published by Conde Nast, which is also closing down the magazine's associated Web site.

"We worked diligently to make Jane a success. However, we have come to believe that the magazine and Web site will not fulfill our long-term business expectations," Conde Nast Publications Chief Executive Charles Townsend said in a statement.

Jane, which has struggled with depressed advertising, was founded in 1997 by Jane Pratt. In 2005, Pratt left the magazine.

Conde Nast also publishes Vogue and GQ, among other magazines.