Dow Jones Plans to Close Its Magazine!

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 22, 2009 -- The closure comes as Rupert Murdoch's News Corp, which bought Dow Jones in 2007, steps up the restructuring of its businesses in the region. Feer, based in Hong Kong, would shut down in December.

Dow Jones said the closedown is only one part of Dow Jones's organisation to focus on its core products and key markets in Asia, including India, China and Japan.

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Dow Jones Plans to Close Its Magazine!

However, the fact is that, the closure comes as Rupert Murdoch's News Corp, which bought Dow Jones in 2007, steps up the restructuring of its businesses in the region. Only a month ago, News Corp unveiled a wide-ranging shake-up of its Star Asian television group.It seeks to cut costs and allocate more resources to India, where it has been expanding aggressively.

Such a fact apart,the closedown of the magazine is inevitable.Feer has been struggling in recent years due to falling advertising revenues and lower subscriber numbers. Current circulation is less than 20,000.

In 2004, Feer cut 80 jobs, or almost its entire workforce, after Dow Jones changed it from a weekly publication written mostly by a team of regional correspondents to a monthly publication that publishes commentary by outside contributors.

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