nextmedia ceased publication of the magazine in 2020 and the last issue of TV Soap was published in December.

[5] By 1989, the magazine had closed,[4] however, in June of that year, TV Soap was relaunched, having been purchased by Michael Mohi's publishing group.

Dennis Pryor of The Age thought the layout was similar to the "hectic rapidity of image-shift you get in television commercials.

[11] That year saw Australian actress Melissa Bell, who appeared in Neighbours and E Street, write a column for the publication in which she discussed her personal life and fellow actors.

[12] The magazine also hosted the TV Soap Celebrity Cruise, which sailed from Sydney Harbour with actors including Bell, Emma Harrison and Rebekah Elmaloglou on board.

[14] Pop television magazines suffered a decline in circulation by 2000 and TV Soap fell ten per cent to 93,000.

[17] Petropoulos co-created the TV Soap Golden Boomerang Awards, which were held at the Beverly Wilshire Hotel until 2006.

[17] Other spin-off magazines were created, including Soap News, New Zealand TV Update, and 25 Years of The Bold and The Beautiful.

[3][16] Nextmedia stated: "After what has been an amazing journey, the difficult decision has been made to cease publishing TV Soap in December 2020.