Atlanta Peach magazine is the latest corporate victim of the spiraling economy.

According to the AJC, an executive from the magazine’s parent company arrived at the Buckhead offices Tuesday and informed publisher Elizabeth Schulte Roth and her staff that the magazine was suspending publication.

The Rep then went around the office confiscating the staff’s Blackberry’s. By Wednesday morning the publication’s website was unavailable.

Atlanta Peach launched in 2006 with a splashy party at the InterContinental Buckhead, which I attended. Celebrities included Usher, actress Pamela Anderson and rapper Ludacris, who gave a mini concert before dipping out the back door.

Thanks to loyal reader Tammie (Talking With Tami) for the tip!