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Business 2.0 magazine to close

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From Times Wire Services

Time Warner Inc.’s publishing division will close its Business 2.0 magazine next month because advertising sales have declined.

Business 2.0, which has covered the technology industry in Silicon Valley since 1998, will be folded into Fortune magazine, Time Inc. Chief Operating Officer John Squires told employees.

Josh Quittner, Business 2.0’s managing editor since 2002, will become executive editor at Fortune, Squires said.

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