"Heavy Metal," magazine started being published in 1977 and as of 2023 seems to be dead. The long-running publication drew inspiration from a foreign publication, "Métal Hurlant," and contained all kinds of cool and edgy stories geared toward adults. It wasn't outright pornographic like underground comix could at times be, it was instead alternative, strange, and thoughtful...with some nudity thrown in for good measure. Issue 320 was going to be the final entry of volume 1 (it came out in April 2023) but then a relaunch was due to happen with Whatnot's publishing division. That plan fell apart and we've arrived at--as RM Rhodes' put it on Comicsbeat--"The Uncertain Death of Heavy Metal Magazine." It's been a strange road indeed.
"Heavy Metal," as a publication has had a lot of ups and downs. The last era one could consider, "Good," would probably be when Grant Morrison served as Editor-in-Chief for twelve glorious issues between 2016 and 2018. Things were rough at times before that, but after their reign, it all went downhill fast due to poor management and horrible business moves (NFTs, lack of order fulfillment, and more). The reason I and everyone else are pointing out this end isn't for sure would be that, "Heavy Metal," itself has not confirmed it is dead. Without a new publishing partner, it would appear the magazine has concluded, but the company remains silent. Barring some unforeseen rising from the ashes of failure like a mythical phoenix I would say, "Heavy Metal," is done.