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September 2009

Message to current subscribers:

If you are an existing FEER subscriber, you will be soon receiving a personal letter, outlining the details of your subscription suspension. FEER will continue to publish up to and including the December 2009 issue. Thank you for your support.  
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DOW JONES & COMPANY TO FOCUS ON CORE PRODUCTS AND KEY MARKETS TO CATAPULT GROWTH IN ASIA

Key Markets include India, China and Japan;
Far Eastern Economic Review to Cease Publication in December

HONG KONG (Sept. 22, 2009) —This fall, Dow Jones & Company will focus on its core publications to better serve readers and advertisers in key markets, both in print and online, to catapult the company's growth in the burgeoning Asian marketplace. 

As a result, the Far Eastern Economic Review will cease publication in December so opinion and commentary resources from Asia can be expanded across all Dow Jones properties. Unfortunately, despite several attempts at invigorating the brand, the REVIEW’s continued losses in advertising revenue and readers is now unsustainable.

Dow Jones has expanded local content from Asia in The Wall Street Journal print and online editions with an expanded news hole, redesigned WSJ.com, expansion of chinese.WSJ.com, new mobile content delivery via BlackBerry and iPhone devices, and the launch of a Japanese-language Web site coming this fall.

These investments into Dow Jones Asia have translated into an increased print circulation of 6.3% year-over-year for the Jan.-June period, led by a substantial increase in subscriptions, with particularly significant growth in Hong Kong, India, Malaysia and Taiwan. Average daily circulation also increased to 85,822 copies from 80,706 year-over-year. 

“By increasing resources into growth areas at Dow Jones, we'll better serve a diverse group of readers and advertisers across Asia," said Christine Brendle, publisher of The Wall Street Journal Asia and managing director, Asia, Dow Jones Consumer Media Group.

"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. "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.”

Hugo Restall, the REVIEW's editor since Oct. 2004, will remain a member of The Wall Street Journal editorial board, which he joined in Feb. 2004. Mr. 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 regionally dedicated edition of the leading provider of business and financial news and analysis on the Web.
The Far Eastern Economic Review was launched in 1946.

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About Dow Jones 
Dow Jones & Company (www.dowjones.com) is a News Corporation company (NASDAQ: NWS, NWS.A; ASX: NWS, NWSLV; www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S. 



 

comments (5)
LM Balzac @ 2009-10-21 16:40:15
this is a tragedy and a travesty. let's all hope mr. murdoch chokes on a caviar covered cracker in the very near future.
william poole @ 2009-10-09 10:04:51
It is with great dismay that I just learned of the demise of FEER which has been a source of hard news and excellent comment on Asian affairs for so many years. It can never be replaced but I hope that the Asian WSJ edition will try. I am saddened.
R.Kannan @ 2009-09-29 19:21:45
I will miss the FEER . I have been reading the magazine since 1972 and I am already 52 this year. GoodBye FEER .
B T Tan @ 2009-09-28 12:34:36
The imminent demise of one of the most well known if not iconic long-time weekly (later monthly) publication in Asia comes as a shock to those who often look for alternative and presumably more objective sources of information other then those influenced or controlled by governments. Whatever reasons there may be in bringing down FEER (including its starkly pro-western views at times), it will be hard to replace. The loss is lamented. (tanboontee)
Gregorio Belaunde @ 2009-09-24 20:56:19
Hi,
I am one of your Peruvian subscribers and I have been enjoying your weekly issues and in-depth articles in your monthly format from Hong Kong to France and now Peru. This is really sad news.
I already read the AWSJ online, with limited access, of course. It is not the same thing, but well, I hope that in future the AWSJ will include the kind of articles you have. What about a 2 articles' special section in the week-end issue written by you usual columnists, for example ? The book review could also be transferred to AWSJ. It could be a way to keep FEER and its prestigious name going.
And what about the archives ?

Best regards

Gregorio Belaunde
 
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