ZIFF DAVIS GROUNDS 'EXPEDIA TRAVELS'

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NEW YORK (AdAge.com) -- Ziff Davis Media today shuttered its yearling magazine Expedia Travels.

The move will affect about 20 employees.

A spokeswoman, borrowing a phrase from editor Gary Walther, blamed the shutdown on a "perfect storm" of negative market events: the collapse of the dot-com economy, the overall advertising slowdown and the fallout from the events of Sept. 11.

The bimonthly title launched with a November-December 2000 issue.

Earlier this week, Ziff Davis' new chairman-CEO, Bob Callahan, sold the company's half-interest in the parent company of MacWorld magazine, Mac Publishing LLC, to International Data Group, which owned the other half of that company.

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