Complex sentence: In 2001, co-founder Jeff Lynne attempted to reform the band for a new tour to promote "Zoom", the last studio album of original material credited to ELO, but the tour was cancelled due to low ticket sales.
Split into simpler sentences: In 2001, co-founder Jeff Lynne attempted to reform the band for a new tour to promote "Zoom", the last studio album of original material credited to ELO. But the tour was cancelled due to low ticket sales.