Dow Jones & Co., the parent of The Wall Street Journal, announced Monday night that it will stop publishing the Far Eastern Economic Review in December and focus on expanding its WSJ operations in Asia.
Despite several attempts at invigorating the publication, founded in 1946, the Review’s continued losses in advertising revenue and readers are now unsustainable, the company stated.
Hugo Restall, the Review’s editor since Octpber 2004, will remain a member of The Journal editorial board, which he joined in Feb. 2004. Restall served as editorial page editor of The Wall Street Journal Asia from 1999 to 2003.
Current Review subscribers will be offered a one-year subscription to asia.wsj.com.
“The decision to cease publication of the Review is a difficult one made after a careful study of the magazine’s prospects in a challenging business climate,” said Todd Larsen, chief operating officer at Dow Jones Consumer Media Group, in a statement.
“It has a rich history of pioneering journalism and helped to set the standard for the press in Asia in the post-World War II era when local publications often lacked the freedom to report honestly. Dow Jones is proud to have been associated with the Review and its invaluable contributions to the understanding of the Asia region.”
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