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But according to Banyan, despite Dow Jones' missteps, FEER '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.In 2004, Dow Jones fired most of FEER's reporters and transformed it into a monthly publication.

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Dow Jones turned it into a snappy, happy, trend-conscious delight for the Internet age.He operated an office in a colonial building along the waterfront where the Mandarin Hotel now stands.During Wilson's tenure, coverage of the magazine extended from China and Hong Kong into other regions around the world, from Japan to Australia to India and to the Philippines.Articles were largely commissioned and only a skeleton editorial staff was retained.David Plott, FEER's editor at the time, described the upheaval in 2004 as a loss of one of the 'greatest concentrations of knowledge and expertise about the region assembled anywhere'.In 1992, Bowring was forced to resign due to differences with Dow Jones' Vice-President Karen Elliott House over the magazine's editorial direction.

In November 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.

Prior to the formal closure in 2009, FEER died many deaths—in 1992 when Bowring was forced to resign as editor; in 2001 when it was merged with the Asian Wall Street Journal; in 2004 when it ceased as a weekly and was published as a monthly after being downsized to a staff of two.

"The death of the Review came by a thousand cuts inflicted primarily by Karen House," said Bowring in 2004: A succession of failed makeovers and revolving editors; the dumbing down of the magazine in an effort to make it "more readable"; moving away from hard-hitting, controversial coverage of corporate and financial scandals; a shift from in-depth coverage of business and politics to soft-centred features of the sort that appear in airline magazines.

When Dow Jones took over the Review it introduced pompous "editorials", indulged in numerous revisions to the format, each more 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 and politics to "innovation" and "lifestyle", neither of which was of interest to its core readership; and dramatically reduced the scope of the book review section.

When Dow Jones took control of the magazine, efforts to introduce more lifestyle features sparked protests from Review loyalists – as did its decision to make it into a monthly rather than a weekly title.

At its peak, FEER had an editorial team of nearly 100 news staff in 15 bureaus across Asia – the largest news team of any regional weekly.