Updated: Nick, Nick Jr. Mags to Fold

The embattled kids magazine category is getting smaller. Citing the tough economic conditions facing magazines, Nickelodeon Magazine Group said it would fold Nickelodeon by the end of 2009, the company said in a statement to staff.

Nickelodeon’s ad pages fell 27 percent to 230 for all last year, per Publishers Information Bureau. The staff of about 30 people will lose their jobs.

Launched in 1993, Nick, a monthly, is aimed at kids ages 6-14 and had a rate base of 950,000 in 2008, according to its Web site.

Also folding is sibling title Nick Jr.,

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