Balsillie group pulls support for ambitious magazine

Global Brief: World Affairs in the 21st Century released its inaugural issue and launched its website, GlobalBrief.ca, earlier this month, at a time when many other Canadian publications are struggling with rising print costs and falling advertising revenues. The CIC said that climate forced it to pull the plug.

“CIC has decided that given the current climate with regard to print publications everywhere, we will not be proceeding with another print issue at this time,” a spoeswoman for CIC said.