Media – Feer sheds 80 jobs, turns monthly

The Far Eastern Economic Review has become the next victim of media consolidation and eighty staff will lose their jobs as the magazines turns into a monthly, media report today. The announcement comes only days after the BBC told it would dismiss 6,000 people, a quarter of its total payroll.
After Time Warner closed down Asiaweek a few years ago, FEER was the only English language quality magazine reporting about Asian affairs. After it was incorporated with Dow Jones, quality has gone down slowly and its closure was actually already expected much earlier.
The closure is part of a worldwide consolidation of the media that have to meet higher profit margins than ever before.