media - The demise of the English-language press in Asia

Vaudine England summerize for the International Herald Tribune - yet again - the demise of Asiaweek and the Far East Economic Review, and the lack of efforts to revive their classic style of reporting about Asia. Getting rid of the old magazines proved to be much easier than starting a viable alternative, both in terms of journalism and revenue streams.
Both media outlets were axed when their new American owners saw a downturn in advertisements. In the past such a temporary dip was never a reason to kill the titles, that would be the main difference in attitude. Efforts to bring together different local publications does not seem to work.

"'A lot of the media nowadays is lousy because no one is prepared to invest in reporting, to let a journalist really investigate something for a month or whatever it takes,' said Mark Decker, director of institutional equities at Siam Commercial Bank Securities in Bangkok.
'It's not worth my while to go through all the papers to find the occasional article about Thailand that's useful,' he said."

Aggregating news from the internet has become the key tool of many webloggers. Not sure whether any of the new publications can compete with those.