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Home / State of the Environment Far Eastern Economic Review V 156 January 14 1993 P43

State of the Environment Far Eastern Economic Review V 156 January 14 1993 P43

Far Eastern Economic Review
FEER-2009.jpg

Far Eastern Economic Review, Final Issue, December 2009
One-time editors Eric Halpern, Dick Wilson, Derek Davies, Philip Bowring
Categories Newsmagazine
Frequency Weekly, afterwards monthly
Founder Eric Halpern
Year founded 1946
Final issue December 2009
Based in Hong Kong
Linguistic communication English
ISSN 0014-7591
Far Eastern Economic Review
Traditional Chinese 遠東經濟評論
Simplified Chinese 远东经济评论

The Far Eastern Economic Review ( FEER ) was an Asian business organization mag published between 1946 and December 2009 in the English language linguistic communication.[one] Based in Hong Kong, the news mag published weekly until Dec 2004, when it converted to a monthly publication in because of financial difficulties. After FEER became a monthly, virtually articles were contributed by non-staff writers with expertise in a given field, such as economists, business-community figures, regime policymakers and social scientists.

FEER covered a diverseness of topics including politics, business concern, economic science, engineering, and social and cultural issues throughout Asia, focusing on Southeast Asia and Greater Prc.

History [edit]

The Far Eastern Economic Review was started in 1946 past Eric Halpern, a Jewish immigrant from Vienna. He initially settled in Shanghai and worked for Finance and Commerce, a biweekly business mag that shut down in December 1941 after Japanese troops invaded the metropolis.[2]

The Kadoorie family, Jardines and the HSBC provided seed capital for FEER.

After Halpern's retirement in 1958, Dick Wilson became principal editor and publisher. He operated an function in a colonial building along the waterfront where the Mandarin Hotel at present stands. During Wilson's tenure, coverage of the mag extended from Prc and Hong Kong into other regions around the earth, from Japan to Australia to India and to the Philippines.[ citation needed ]

In 1964 Wilson was succeeded as editor by Derek Davies, a Welsh journalist, who had served in the British Foreign Part. Between 1964 and 1989, the flamboyant Davies built FEER from a small weekly into one of Asia's nigh authoritative magazines, with a circulation of nearly ninety,000. At its elevation, FEER had an editorial squad of nearly 100 news staff in 15 bureaus across Asia—the largest news team of whatever regional weekly.[3] [4]

From 1972, the Southward People's republic of china Forenoon Postal service, an English-language Hong Kong newspaper, gained a majority ownership of the FEER.[3] In 1986, Dow Jones, a minority shareholder since 1973, took full ownership in a deal with News Corp, which had acquired a controlling involvement in the Due south Mainland china Morning Post.

Later on serving 25 years as senior editor, Davies was succeeded past Philip Bowring. In 1992 Bowring was forced to resign owing to differences with Dow Jones'south vice president Karen Elliott Firm over the mag'due south editorial management.

In Nov 2001 Dow Jones merged the editorial operations of the Far Eastern Economic Review and the Asian Wall Street Journal in an attempt to cut costs. In 2004 the magazine ceased to exist as a weekly and was inverse to a monthly publication with Hugo Restall as its editor. News Corp bought Dow Jones in 2007.[5] In September 2009 Dow Jones, now a subsidiary of Murdoch's News Corp, announced that the magazine would exist shut down permanently.[6]

Decline and closure [edit]

The magazine ceased publication in December 2009 considering of declining readership and advertizement revenue, according to Dow Jones. The Economist said FEER relied on advertising revenue and its business model failed when Western luxury brands no longer wished to appeal to Asian elites.[seven]

Some old staff members blamed Dow Jones for the magazine's decline.

"Every ex-Review staffer knows that its days were numbered the solar day Dow Jones bought it. The Asian Wall Street Journal never enjoyed the kind of readership and readers' loyalty every bit that of the Review. And it wasn't a secret that the Americans wanted the AWSJ to supplant the Review."[8] [ dead link ] He said its executives parachuted in from New York and wanted to homogenise the reporting.[ citation needed ]

"The decision to cease publication of the Review is a difficult ane fabricated later 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 2004 Dow Jones fired most of FEER's reporters and transformed it into a monthly publication. Articles were largely commissioned, and simply a skeleton editorial staff was retained. David Plott, FEER's editor at the time, described the upheaval in 2004 every bit a loss of ane of the "greatest concentrations of knowledge and expertise nearly the region assembled anywhere." [9]

Dow Jones proclaimed the savings from the decease of FEER will "catapult the company'south growth in the burgeoning Asian market place". In response, J. Manthorpe commented, "As the FEER has been in a vegetative country since at least 2004 when information technology was made a monthly instead of weekly magazine and its staff was cut from 80 to five, merely ii of whom are journalists, it is hard to imagine the proceeds of closure catapulting anything anywhere."[10]

"Dow Jones's marketing people didn't know how to sell it equally it competed with the Asian Wall Street Journal—they ignored it and killed it past sheer neglect," said Five.G. Kulkarni, a sometime editor at the Review.[11]

Before the closure in 2009, FEER had had many controversies. In 1992, Bowring was forced to resign as editor. In 2004 when information technology ceased equally a weekly and was published as a monthly after being downsized to a staff of two. "The decease of the Review came by a yard cuts inflicted primarily by Karen House," said Bowring in 2004: A succession of failed makeovers and revolving editors; the dumbing downwardly of the magazine in an try to arrive "more readable"; moving abroad from hard-hitting, controversial coverage of corporate and fiscal scandals; a shift from in-depth coverage of concern and politics to soft-centered features of the sort that appear in airline magazines.

"The concluding insult to the Review, and indeed to Asia, was Dow Jones' refusal to sell the title. It has had plenty of offers—which would benefit its own shareholders," says Bowring, "There is a parallel here betwixt Time and Asiaweek. Time bought locally born Asiaweek even though it appeared to exist in directly competition for readers and advertising. Not so long later on, Time closed Asiaweek rather than its bilious Time Asia. It was corporate imperialism more than than commercial sense which brought Dow Jones to buy control of the Review, which was a direct competitor for niche regional advertising. It is articulate that the closure of the Review, every bit of Asiaweek, represents an attack on diversity and further reduction in the variety of print media."[12]

"The magazine lost its way because people in New York thought they understood what the readers wanted more than those who were on the footing in Asia," wrote Bowring in the South China Morning time Post.[4] Bowring claims that Business firm infused FEER 's editorials with the correct wing and furiously pro-western sentiments of The Wall Street Journal.[3]

Under its previous editor, Derek Davies, the Review had carved a name for itself for the excellence of its economic reporting, its refusal to be cowed and its wide-ranging book reviews. When Dow Jones took over the Review information technology introduced pompous "editorials"; indulged in numerous revisions to the format, each more than disastrous than the last; brought in large numbers of American journalists and editors at the expense of well-established writers who knew the region; moved the focus from business concern and politics to "innovation" and "lifestyle," neither of which was of interest to its core readership; and dramatically reduced the telescopic of the book review department.[13] When Dow Jones took control of the magazine, efforts to introduce more than lifestyle features sparked protests from Review loyalists—every bit did its determination to make it into a monthly rather than a weekly championship.[14]

"I don't call back Dow Jones ever understood what our culture was and they never actually put in the effort to make the magazine succeed," said John McBeth, who joined the magazine in 1979. Dow Jones turned information technology into a snappy, happy, trend-conscious delight for the Internet age. It was a failed attempt "to lure readers who presumably don't care nigh thoughtful coverage of politics and economics only practise want to know which wine goes with which chili pepper." The reporting staff of the Review and the Asian Wall Street Periodical were merged in 2001. More significantly, at that time the advertising sales staff of the two publications were besides merged. Ii senior correspondents said they had ofttimes been asked by executives at Asian corporations they covered why the magazine's advertising staff were difficult to attain and would often not return phone calls. "There was no effort put in," said one. "They didn't even try."[fifteen] McBeth gave an account of the closure of FEER in a affiliate called 'Decease of a Mag' in his book entitled Reporter. Forty Years Covering Asia.

T. J. S. George, co-founder of Asiaweek, says, "In due form, Time Inc. killed Asiaweek and Dow Jones (now a Murdoch holding) killed the Review. Murdoch–Dow's Wall Street Journal and Time Inc.'s Time magazine now wing the American flag over Asia, unchallenged by bottom flags."[16]

Independent journalistic establishments [edit]

Besides qualified business reports, FEER was also the pioneer of independent journalistic establishments throughout Asia. Many of the manufactures from the first few decades were exclusive sources of data on the evolution of China, such every bit the reports on Chairman Mao Zedong, the Cultural Revolution, and the economical opening initiated by Deng Xiaoping.

Readership [edit]

FEER targeted markets in Hong Kong, Malaysia, and Southeast Asia. It reached an aristocracy grouping of readers from the regime, the business organisation earth and the academic sector. The mag had a circulation of 93,055 in 2003. In September 2006, the magazine was banned in Singapore.[17]

Editorial [edit]

Editorial Statement [edit]

For the outset result, the inaugurator, Halpern, declared a brief only enduring Editorial Statement:

"The purpose of this weekly economical publication is to analyse and interpret financial, commercial and industrial developments; to collect economic news; and to nowadays views and opinions with the intent to improve existing conditions. Politics and economic science being connatural, it will be inevitable that this publication may at times appear to transgress its primary objective by reporting on, and dealing with, political diplomacy. At any time and in every example unbiased and dispassionate, factual and balanced reporting will be our aim and policy."[ citation needed ]

Editorial stance [edit]

The Review aimed to report and analyse fiscal, commercial, and industrial developments in the Southeast Asia and Pacific regions with specific emphasis on Hong Kong and China. It gathered the most incisive and provocative commentary in Asia through leaders from every ideological stripe, background, and profession. Articles were selected co-ordinate to their potential progress toward prosperity, security, and well-being for all Asians. Also costless-lance contributions and viewpoints from professionals, FEER 'due south journalists also traveled around the region reporting from their own perspective with the intention of improving the local economic and political zone.[ commendation needed ]

Reports by FEER [edit]

"China'southward Elite"[18] was a yearly side-publication by the FEER. Focusing on China'south leading executives and their style of business, "Cathay's Elite" was ofttimes praised every bit a valuable source of information on statistics, expectations, and objective analysis obtained through in-depth interviews with leading businessmen in Beijing, Shanghai, and Guangzhou.

The "Review 200"[19] was a tied publication past the Far Eastern Economical Review that ranked the tiptop 200 leading businesses across Asia on an almanac basis.

Published every 2 years since 1989 past FEER, "Managing in Asia"[20] provided entrepreneurs with a clear description and explanation of Asia's concern position. The report offered valuable information in the aspects of economic outlook, business concern challenges and economic issues, personal investment, applied science/office automation, brand perception, buying of products, travel habits, etc.

The "Asia Lifestyles"[21] was published in alternating years. It conducted surveys on business executives and questioned their lifestyles, habits, and aspirations.

FEER regularly published special reports focused on topics that were relevant and significant to Asia. For case, a special study on the HIV/AIDS epidemic[22] was published in its 15 July 2004 outcome.

FEER regularly interviewed government officials and other important people who had an touch in the region and the business concern world. In the past, FEER has interviewed Colin Powell, the U.S. sometime secretarial assistant of state (outcome date: 28 Oct 2004); Kofi Annan, the secretary-general of United Nations (issue date: 22 July 2004); Chen Shui-bian, the Taiwanese president (issue date: 24 July 2003); Neb Gates, chairman and co-founder of Microsoft (issue date: xiv March 2002); and many more than influential people.

In 2002 and 2003 FEER was awarded the "Excellence in Specialized Reporting" by the Guild of Publishers in Asia (SOPA). In 2004 it was awarded the "Honourable Mention for Magazine Front Cover Design" by SOPA. In 2005 information technology was awarded the "Excellence in Magazines" and "Honorable Mention for Reporting on the Environment" by the SOPA.

Censorship by governments [edit]

In late 1970s Ho Kwon Ping, the Review's Singapore correspondent, was accused of endangering national security, jailed under the Internal Security Act, did a televised confession, and was fined $3,000.[23] [24] [25] Lee Kuan Yew after charged FEER editor, Derek Davies, of participating in "a diabolical international Communist plot" to poison relations between Singapore and neighboring Malaysia.

In 1987 Lee restricted auction of the Review in Singapore after it published an commodity virtually the detention of Roman Catholic church building workers, reducing circulation of the mag from ix,000 to 500 copies,[26] on the grounds that information technology was "interfering in the domestic politics of Singapore."[27] The 4 April 2002 event of FEER was banned in Bangladesh because its cover story, "Bangladesh: Cocoon of Terror," described the state as besieged by "Islamic fundamentalism, religious intolerance, militant Muslim groups with links to international terrorist groups."[28]

In Prc the Review's correspondent, Serge Ivanovitch Kost, was arrested during the Cultural Revolution and sentenced to 15 years' imprisonment. He subsequently emigrated to Australia.

In 2006, subsequently the publication of an article of an interview with Chee Presently Juan, party leader of the Singapore Democratic Political party,[29] on Singapore'southward prime number minister Lee Hsien Loong and his father and minister mentor, Lee Kuan Yew, Lee Kuan Yew and Lee Hsien Loong both sued the publication for defamation, alleging the mag had suggested they were corrupt. The Singapore government banned the sale and distribution of the journal. In 2007, during the International Bar Association'due south Rule of Law symposium, so-deputy prime minister S. Jayakumar states that FEER did not satisfy regulations for strange publications in Singapore such every bit appointing a representative to accept service of whatsoever notice or legal process, and submitting a security eolith. The lack of compliance to the regulations led to FEER non being able to circulate its publication in Singapore and was not due to the legal suit.[30]

On 24 September 2008, the High Court of Singapore, in a summary judgment by Justice Woo Bih Li, ruled that the Far Eastern Economic Review and Hugo Restall, its editor, defamed Lee Kuan Yew and his son, Prime Government minister Lee Hsien Loong in its October 2006 article "Singapore's 'Martyr', Chee Shortly Juan".[29] FEER appealed[31] just lost the case when the Court of Entreatment ruled in October 2009 that the Far Eastern Economic Review did defame the state'south founder Lee Kuan Yew and his son Prime number Minister Lee Hsien Loong.[32]

Awards presented by FEER [edit]

The Immature Inventors Awards (YIA), which began in 2000, was organized past FEER in association with Hewlett-Packard (HP). The purpose of the Awards programme was to foster a spirit of scientific invention and innovation among students in the Asia–Pacific regions, including China, Philippines, Singapore, India, and Australia. Students who won the accolade were socially recognized and financially supported for their outstanding efforts and projects. FEER 's almanac Asian Innovation Awards was associated with Global Entrepolise @ Singapore, which honored Asia's emerging technopreneur.

Come across as well [edit]

  • Newspapers in Hong Kong
  • Media of Hong Kong

References [edit]

  1. ^ Chakravorty, Jui; Durfee, Don; Pomfret, James (22 September 2009). "Far Eastern Economical Review to shut after 63 years". Reuters. Hong Kong/New York. Retrieved xx September 2014.
  2. ^ Smith, I. C.; West, Nigel (five February 2021). Historical Dictionary of Chinese Intelligence (2 ed.). Rowman & Littlefield. p. 133-134. ISBN978-1-5381-3020-nine.
  3. ^ a b c "Philip Bowring - Articles". bowring.net . Retrieved iv June 2015.
  4. ^ a b "Asia Times Online - News from greater China; Hong Kong and Taiwan". atimes.com. Archived from the original on 2 November 2004. Retrieved iv June 2015. {{cite web}}: CS1 maint: unfit URL (link)
  5. ^ Shira Ovide (23 September 2009). "Dow Jones Plans to Close Down Far Eastern Economic Review". WSJ . Retrieved iv June 2015.
  6. ^ Stephen Beck (22 September 2009). "Far Eastern Economic Review to shut". the Guardian . Retrieved 4 June 2015.
  7. ^ "Without FEER or favour". The Economist. 24 September 2009. Retrieved 21 April 2018.
  8. ^ The Economist https://www.economist.com/page-not-constitute. Retrieved 21 April 2018.
  9. ^ "Far Eastern Economic Review to close after 63 years". Forbes. 22 September 2009. Archived from the original on 25 September 2009.
  10. ^ "Archived copy". Archived from the original on vii November 2012. Retrieved 19 October 2009. {{cite web}}: CS1 maint: archived copy as title (link)
  11. ^ "RIP FEER: How the mighty are fallen". Unspun. 28 September 2009. Retrieved four June 2015.
  12. ^ "Philip Bowring - IHT Columns". bowring.cyberspace . Retrieved 4 June 2015.
  13. ^ "Torn and frayed in Manila". typepad.com . Retrieved 4 June 2015.
  14. ^ "BBC NEWS - Asia-Pacific - Leading Asian mag to close". bbc.co.uk. 22 September 2009. Retrieved iv June 2015.
  15. ^ "Archived re-create". Archived from the original on 27 August 2008. Retrieved fifteen October 2009. {{cite web}}: CS1 maint: archived copy as championship (link)
  16. ^ TJS George, "Hail the all-American earth!", 4 Oct 2009
  17. ^ "BBC NEWS - Asia-Pacific - Editor 'defamed' Singapore leader". bbc.co.uk. 24 September 2008. Retrieved 4 June 2015.
  18. ^ "Archived copy". Archived from the original on 17 Oct 2005. Retrieved 11 October 2005. {{cite web}}: CS1 maint: archived copy as championship (link)
  19. ^ "Archived copy". Archived from the original on 17 October 2005. Retrieved 11 October 2005. {{cite web}}: CS1 maint: archived copy every bit title (link)
  20. ^ "Archived copy". Archived from the original on 17 October 2005. Retrieved 11 October 2005. {{cite web}}: CS1 maint: archived copy as title (link)
  21. ^ "Archived copy". Archived from the original on 14 October 2005. Retrieved eleven October 2005. {{cite web}}: CS1 maint: archived copy equally championship (link)
  22. ^ "Far Eastern Economic Review Publishes Special Report on HIV/AIDS". TheBody.com . Retrieved 4 June 2015.
  23. ^ Times, David A. Andelman Special To The New York (9 April 1977). "Singapore Pushing a Stern Drive To Silence Critics and Dissidents". The New York Times. ISSN 0362-4331. Retrieved 14 August 2017.
  24. ^ "Singapore Government Press Release" (PDF).
  25. ^ "The Singaporean who was jailed by, and who later on had many meals (and 'tea') with, Lee Kuan Yew". Mothership.sg . Retrieved 14 Baronial 2017.
  26. ^ The New Communications Landscape: Demystifying Media Globalization, Anura Goonasekera, Jan Servaes, Georgette Wang, Routledge, 2003, page 273
  27. ^ Circulation Of Strange Newspapers In Singapore, Ministry of Communications and Information, 3 Baronial 2006
  28. ^ "People's republic of bangladesh: Government bans Far Eastern Economic Review". cpj.org. 12 Apr 2002. Retrieved 4 June 2015.
  29. ^ a b Hugo Restall. "Singapore's 'Martyr', Chee Shortly Juan". FEER. Retrieved 30 May 2012.
  30. ^ "Chee tried to plough forum into 'theatre of politics', says Jaya". The Straits Times . Retrieved 30 May 2012.
  31. ^ "Editor 'defamed' Singapore leader". BBC. 24 September 2008.
  32. ^ "BBC News - Singapore backs Lee in media case". bbc.co.united kingdom. 8 October 2009. Retrieved 4 June 2015.

External links [edit]

  • Telling Asia's Story By L. Gordon Crovitz
  • Dow Jones & Company
  • Society of Publishers in Asia (SOPA)

brigdennorome.blogspot.com

Source: https://en.wikipedia.org/wiki/Far_Eastern_Economic_Review