BOSTON CXO Media said it has suspended publication of CMO, its monthly title aimed at senior marketing decision makers.
The magazine, based in Framingham, Mass., was launched in September 2004 and had a circulation of about 25,000.
"The marketplace is not of the size and scale to support the business in its present format. We are currently exploring multiple options to continue the dialogue with readers and advertisers under a different business model," said Michael Friedenberg, president and CEO of CXO Media.
CXO Media said it also sold its CSO Executive Council to Bob Hayes, general manager of the council. Hayes will work with the industry advisory group's leadership team and staff to further develop the program while continuing to forge a strong partnership with CSO magazine, its Web site and events programs.
In addition, the company said it is cutting an undisclosed number of employees.
"These business and staffing decisions, while difficult, are necessary to allow CXO Media to focus on areas of growth and profitability," Friedenberg said.
CXO is a unit of International Data Group.
—Adweek staff report