The company also announced the sale of the CSO Executive Council to Bob Hayes, general manager of the council.
As a result of the changes, CXO Media will cut about 10% of its staff. No details were released regarding the departments that would be affected.
In a news release, Michael Friedenberg, president-CEO of CXO Media, said the “marketplace is not of the size and scale to support the business in its present format.” He added that the company is “exploring multiple options to continue the dialogue with readers and advertisers under a different business model.”
CXO Media also publishes CIO, CSO and Darwin.