You’ve probably heard by now that HX—the gay little magazine that could—has been sold. “HX Magazine issue 931 dated July 10th, which will be released on July 3rd, will be the last one produced by HX Media and its staff,” read a press release sent out by founder Matthew Bank yesterday.

We reached Bank this afternoon, who stressed that the terms of the deal—who the buyers are and what they paid—are confidential. He also said he has no clue what they plan to do with the publication, so no hint as to whether we’ll ever get to enjoy “Ask Bambi Sue,” “Homo Dish” or that naughty adult section ever again. Bank confirmed that the entire staff had been let go, save for a receptionist to work the phones, and added that the new owners have been holding talks with some of those axed employees to consider whether or not to hire them for their mysterious new mag.

“I’m sort of sad, relieved and happy at the same time,” Bank said of the sale. “It was time for that chapter of my life to close.” He said he had no idea what he’d do next though, adding, “I have absolutely no plans.” Stay tuned for developments.