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An issue of Rave Magazine from 1998, left, and from 2012. The magazine's publisher announced yesterday it would close.

The days of picking up your favourite street press publication around the streets of Brisbane are numbered. Soon they'll all be gone.

That's the assessment of Scene magazine publisher Howard Duggan in the wake of Rave Magazine's closure this week.

The director of the publication's parent business Eyeball Media had no problems speaking frankly about the future of the industry which he believed could only be online - battling for advertising in a heavily populated sphere of operation.

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Scene magazine.

"It is a sad but inevitable day," Mr Duggan said.

"It has been clear for quite a few years that the writing has been on the walls for print and it is simply a matter of time when all the titles are gone and the order that they disappear is of no consequence."

Rave Magazine publisher Colin Rankin closed the publication on Tuesday after almost 21 years of operation and 1047 issues.

Mr Rankin told brisbanetimes.com.au a decline in print advertising revenue was the catalyst for the move with the industry beset by the same problems as major metropolitan newspapers.

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Street press publisher predicts industry demise