The magazine’s entrepreneur has had a “long” battle with lung cancer, Time Out CEO Julio Bruno revealed on Linkedin.
Time Out announced the death of their founder with “great sadness” in a long press release.
The magazine paid tribute to Tony as a “visionary editor” and “champion of urban culture”.
A statement to Time Out said: “It is with great sadness that we announce that the founder of Time Out, Tony Elliott, died on July 16 after a long illness.
“Tony was a visionary publisher, a tireless champion of urban culture and a loyal friend.
“He will be greatly missed by his family, friends and colleagues.
“His life and work have inspired millions of people who have not had the chance to know him personally. “
The first issue after the Time Out lockdown will commemorate Tony.
The magazine was established as a weekly publication in 1971.
Its success deserved a New York edition of the magazine in 1995.
Readers around the world have turned to its pages for content around the world of art, from theater to movies and food.
Time Out has conquered the world and reached 328 cities in 58 countries.
Ten years ago Tony gave half of his stake to a private equity firm.
In 2012 it became a free magazine in London.