CalgaryInc. magazine to close

RedPoint Media Group is closing its title CalgaryInc. Its final issue will be published in March. Five employees and one intern have been laid off. Executive vice-president Gary Davies told CBC News on Thursday that some elements of the magazine, such as "Top 40 under 40" will be rolled into Avenue, another Redpoint magazine. Davies blamed the layoffs on falling advertising sales since Sept. 1.