European Travel & Life

European Travel & Life, a magazine aimed at affluent and sophisticated Europhiles, ceased publication in 1992, a victim of declining tourism and advertising. Conde Nast Publications Inc. bought the magazine's list of 367,000 subscribers in hopes of luring them to its Conde Nast Traveler magazine.

The eight-year-old European Travel & Life was closed by K-III Magazines after several months of searching for a buyer. Negotiations broke off last week with Sea Containers Ltd., a diversified Bermuda-based conglomerate that owns The Illustrated London News and other travel-related properties. 'Real and Sincere Effort'