[KS] Demise of the Far Eastern Economic Review
Afostercarter at aol.com
Afostercarter at aol.com
Thu Oct 28 05:14:00 EDT 2004
List members may be shocked to learn of the demise of the
Far Eastern Economic Review, after 58 years - yes, since 1946 -
as a prime weekly journal of news and analysis of our region.
All may not be quite lost, since it will relaunch as a monthly:
see below. That will be scant consolation to the staff,
most of whom appear to have been summarily sacked.
I declare an interest. Twenty years ago, the Review gave me a start
by publishing a long and arcane piece of mine on how to decipher the
North Korean media. I wonder where a young academic, seeking a wider
public audience would get that opportunity and platform now?
(Just blog, I suppose.)
This is a sorry day.
Honorary Senior Research Fellow in Sociology & Modern Korea, Leeds University
17 Birklands Road, Shipley, West Yorkshire, BD18 3BY, UK
tel: +44(0) 1274 588586 mobile: +44(0) 7970 741307
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Email: afostercarter at aol.com website: www.aidanfc.net
Respected magazine folds as weekly
October 28, 2004ASIA'S Hong Kong-based weekly news magazine the Far Eastern
Economic Review is to fold in its current form with the loss of 80 jobs, the
magazine's publisher Dow Jones said today.
The magazine, which led debate on Asian issues for 58 years, will be
relaunched as an opinion-led monthly, Dow Jones - publishers of the Asian Wall Street
Journal - said in a statement.The job losses represent 10 per cent of Dow
Jones' workforce in Asia.A company source said staff were told the news today in a
specially convened meeting at a hotel in Hong Kong. Senior Dow Jones
management from New York were said to be present.
The first issue of the Review in its new format will be published in
December."The format change will mark the start of a new chapter in the Review's
58-year history, even as we devote more of our collective focus, efforts and
resources to further growing the market-leading Asian Wall Street Journal as the Dow
Jones flagship in Asia, and as an integral component of the global Wall
Street Journal franchise," Dow Jones Chairman and Chief Executive Peter Kann said
in a statement.Kann blamed poor advertising sales for the weekly's demise and
said that the magazine had been losing money for the past six years.
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