Could Friday's HX Magazine be its last? Did Next buy them out?

'I'm out, and you're fired.' That's basically what Matthew Bank told employees at HX Magazine earlier this week.

Bank announced to the staff that he had sold the magazine to a top secret buyer and that their services were no longer needed.

The HX staff put together their last issue after Pride, and the rest is history. The big question is whether or not the new owners of HX Magazine will keep the publication going.

"The information about the sale is confidential," Banks told me in response to an e-mail I sent requesting information.

Why would it be so confidential? Our sources say that HX's competitor, Next Magazine, might be the buyer. We haven't been able to confirm this news with HX or Next, but that's what we're being told from some pretty reliable sources.

"I don't know what the buyer's plans are," he added. "They are going to announce them when they are ready to."

If you can find an HX Magazine this weekend, you should probably grab it. You never know, it might be the last.