The Financial Review Group has closed CFO magagzine, replacing it with a new magazine called Capital, which will be part of a multi-platform content bundle under the same title.
Capital will incorporate three new sections including a quarterly magazine called Capital that will be inserted into The Australian Financial Review newspaper and will include a CFO branded section. Capital will also include a section on the website that will have daily online coverage, and a component which covers signature events and networking forums. The inserted magazine will launch in April.
Capital will have a significant presence on The AFR website, producing daily news and views, along with a new CFO blog instead of the printed magazine, which will be dedicated to the senior finance community.
Financial Review Group CEO Brett Clegg said: “Capital will be produced by The Australian Financial Review's highly respected team of specialist investment banking and capital markets journalists. The Capital team will also have access to the expertise of other senior writers from the Financial Review, as well as journalists from CFO magazine.”
The Financial Review editor in chief Michael Stutchbury said: “With a focus on authoritative reportage, Capital will draw on international correspondents and access to company directors, chief executives, CFOs, treasurers, investment bankers, corporate advisers, lawyers, regulators, and political heavyweights.
“By moving inside Capital, CFO will expand its reach and influence through a much larger circulation. It will bring the clients of capital market services closer to the issues driving their advisers; while for bankers, lawyers and institutional investors, Capital will provide a deeper understanding of the issues driving corporate decision making.”
There has been speculation since earlier in the year that CFO would be shut down, however the company would not confirm the closure until now. The group also closed down another magazine called MIS Australia earlier in the year.
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