LONDON—Two London art fairs scheduled for 2008 have announced their cancellations, reports Artnet. Pulse London, a branch of the Miami- and New York-based fair, has canceled the planned 2008 edition, saying that no suitable venue could be found. The 2007 fair debuted last year as a satellite to the Frieze Art Fair with 40 international galleries in the Mary Ward House near Regent's Park. Organizers have not indicated whether a 2009 fair will be planned; later this month, Pulse New York goes up opposite the Armory Show, March 26 to 30.

Meanwhile, Photo-London, which was scheduled for May 15-18, 2008, has also been scrapped, after being purchased by Reed Expositions, the giant trade-fair company that also organizes the annual Paris-Photo Show. Organizers say they are restructuring and hope to bring back a more competitive offering in 2009, but a representative for the fair also told the British Journal of Photography that due to economic troubles in the United States only one U.S. gallery had signed up for 2008 and it was "a bit ridiculous to have an international fair without the Americans." Fair founder and artistic director Daniel Newburg, who stayed on after the Reed acquisition, has also left as part of the reorganization.