Susan Clark, Managing Director for The Economist Group, Continental Europe, Middle East and Africa, said:
"Despite the extraordinary efforts of a highly committed team, structural changes in the business-to-business advertising market have made achieving acceptable profit levels very difficult for CFO Europe. The business is operating at a loss, and the continuing economic deterioration makes the outlook even more challenging.
The Economist, EuroFinance, Economist Intelligence Unit and CFO in America will look after the needs of clients in this sector in the future. We will work with our clients to deliver all projects currently underway in the CFO conference and research businesses in Europe."
This decision in Europe follows the closure of CFO Asia and CFO China in February 2009, but does not affect CFO magazine in America.
