SHANGHAI: The London-based Economist Group, half owned by a unit of Pearson Plc, is closing its CFO magazine business in Asia, as the global financial crisis squeezes advertising revenue, two people with direct knowledge of the situation said.
The decision to shut the English-language CFO Asia and Chinese-language CFO China, was announced internally last Friday, and would affect more than a dozen editorial jobs at the monthly publications targeting the region’s finance executives.
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