The publishers of men's magazines FHM and Zoo have said they will stop publishing the titles due to a falling readership.

In a statement, publishers Bauer Media said: "Unfortunately it's true and it has been announced today the intention to suspend publication of FHM."

It said the magazines had been "an absolute joy producing the magazine over the years".

"Thank you for all your support, we will keep you updated with developments over the coming weeks."

FHM has dominated the men's magazine market since its launch in 1985, distributed in 27 countries around the world.

The men's magazine market has declined in recent years. Over the past 10 years, FHM's circulation has dropped from around 500,000 to 100,000. In the past 12 months, rivals Nuts and Loaded have also both closed down.

Bauer said: "Men's media habits have continually moved towards mobile and social."