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	<title>tofuwatch.com &#187; looking for trouble</title>
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		<title>Far Eastern Economic Review, which covered Asia for more than 50 years, to close</title>
		<link>http://tofuwatch.com/2009/10/far-eastern-economic-review-which-covered-asia-for-more-than-50-years-to-close/</link>
		<comments>http://tofuwatch.com/2009/10/far-eastern-economic-review-which-covered-asia-for-more-than-50-years-to-close/#comments</comments>
		<pubDate>Wed, 07 Oct 2009 20:24:02 +0000</pubDate>
		<dc:creator>brad wong</dc:creator>
				<category><![CDATA[history]]></category>
		<category><![CDATA[journalism]]></category>
		<category><![CDATA[far eastern economic review]]></category>
		<category><![CDATA[looking for trouble]]></category>

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		<description><![CDATA[These days, when you hear about a big-name print publication that will close because of money problems, it is still noteworthy. And certainly, when the Conde Nast name is attached to a publication &#8211; as is the case with the soon-to-end Gourmet magazine &#8211; people perk up. But sadly, not all the closings are necessarily surprising. In international affairs, add the Hong [...]]]></description>
			<content:encoded><![CDATA[<p>These days, when you hear about a big-name print publication that will close because of money problems, it is still noteworthy.</p>
<p>And certainly, when the Conde Nast name is attached to a publication &#8211; as is the <a href="http://www.nytimes.com/2009/10/06/business/media/06gourmet.html" target="_blank">case</a> with the soon-to-end <a href="http://www.gourmet.com/" target="_blank">Gourmet</a> magazine &#8211; people perk up.</p>
<p>But sadly, not all the closings are necessarily surprising.</p>
<p>In international affairs, add the Hong Kong-based <a href="http://www.feer.com/" target="_blank">Far Eastern Economic Review</a>, which launched on Oct. 16, 1946, to the list of media outlets that will grind to a halt in 2009.</p>
<p>It will stop publishing in December, according to a Wall Street Journal article. Dow Jones, which is owned by News Corp., publishes both brands.</p>
<p><span id="more-5606"></span>Financial losses are to blame. The bare-bones magazine once had a stable of correspondents but only six editorial employees are on the payroll, the Journal reported.</p>
<p>Dow Jones officials plan to offer more Asia news online and through other publications.</p>
<p>Still, BusinessWeek <a href="http://www.businessweek.com/ap/financialnews/D9AS7A000.htm" target="_blank">noted</a> that the magazine once &#8220;rattled Asia&#8217;s authoritarian power brokers with its rigorous reporting.&#8221;</p>
<p>AFP <a href="http://www.google.com/hostednews/afp/article/ALeqM5iAMbl_diwZh8sP6BaOTMQMlNfihA" target="_blank">called</a> it &#8220;one of Asia&#8217;s most respected English-language news magazines.&#8221;</p>
<p>Added The Economist in its <a href="http://www.economist.com/world/asia/displaystory.cfm?story_id=14492327" target="_blank">take</a>:</p>
<blockquote><p>ASIA, short enough already of sources of regional news and comment, just became even shorter of them.</p></blockquote>
<p>The Economist also tossed in this fact, which I found interesting: Its first editor, <a href="http://www.feer.com/about/history" target="_blank">Eric Halpern</a>, a Jewish man, had been stranded in Shanghai during World War II.</p>
<blockquote><p>He was famous for wearing a <a href="http://images.google.com/images?hl=en&amp;source=hp&amp;q=Burmese+longyi&amp;btnG=Search+Images&amp;gbv=2&amp;aq=f&amp;oq=&amp;aqi=" target="_blank">Burmese longyi</a> around the office. He left it draped carefully across the back of his chair for his successor, who inherited a paper said to be breaking even, &#8216;but not published for profit.&#8217;</p></blockquote>
<p>In 2004, the magazine ended its weekly publication cycle in favor of a monthly one that included more opinion and analytical pieces.</p>
<p>There are many things I&#8217;ll remember about the magazine.</p>
<p>I wasn&#8217;t a frequent reader, but many who traveled through Asia were aware of its strong brand, its presence.</p>
<p>The name might be a bit of a throwback but the informative and interesting articles made it worthwhile to stop and read. </p>
<p>When I was traveling through Hong Kong back before the online-saturated world of today, I&#8217;d head to a bookstore on <a href="http://maps.google.com/maps?hl=en&amp;source=hp&amp;q=Nathan+Road,+Hong+Kong&amp;ie=UTF8&amp;hq=&amp;hnear=Nathan+Rd,+Hong+Kong&amp;z=14" target="_blank">Nathan Road</a> in Hong Kong&#8217;s Tsim Sha Tsui area.</p>
<p>I&#8217;d find a copy, flip through and get caught up on regional news.</p>
<p>In the late 1990s, when I heard that a Western journalist had reached the Khmer Rouge tyrant <a href="http://topics.nytimes.com/topics/reference/timestopics/people/p/pol_pot/index.html" target="_blank">Pol Pot</a> through dense jungles and actually interviewed him, I liked that the Review put the story on its pages.   </p>
<p>That journalist was Nate Thayer, who was working for the magazine.</p>
<p>The Independent <a href="http://www.independent.co.uk/news/scoop-of-a-lifetime-a-pol-pot-interview-1252947.html" target="_blank">called</a> the scoop &#8221;astonishing&#8221; because the Khmer Rouge usually killed Westerners on their land.</p>
<p>In terms of the chase, the scoop, the exclusive &#8211; or whatever you want to call it &#8211; it was a keeper.</p>
<p>Everyone knows the feeling: You hear about it first. You tell the world. The world reacts.</p>
<p>In 1997, The Johns Hopkins Magazine ran a <a href="http://www.jhu.edu/jhumag/1197web/brother.html" target="_blank">story</a> about Thayer&#8217;s successful pursuit &#8211; noting that he scraped enough dollars together to make the trip from the United States to Cambodia.</p>
<p>It is nice to know that after you&#8217;ve accumulated so much expertise that a long format publication is willing to publish a new chapter of history.</p>
<p>Compelling and surprising moments are the ones that have universal appeal. They become memorable.</p>
<p>So: Eat your vitamins, learn how to play a musical instrument, practice tai chi, travel, memorize 100 new words each week, walk backwards around a track - or whatever.</p>
<p>But keep your mind and skills in top working order.</p>
<p>I admit it can be difficult when days are busy.</p>
<p>But what we want to avoid, though, is having a memorable moment slip away like tea leaves in a gust of wind.</p>
<p>And with a market exit, there&#8217;s always an entry.</p>
<p>Larry Johnson, the former national/foreign editor of the Seattle Post-Intelligencer, recently launched a blog, <a href="http://www.larryjohnsononline.com/" target="_blank">Looking for Trouble</a>.</p>
<p>Yes, I understand the difference between a one-person blog and a large newsgathering operation based in Asia.</p>
<p>But Larry&#8217;s a good guy, a knowledgeable person, an <a href="https://www.createspace.com/3341554" target="_blank">author</a> about international affairs.</p>
<p>Last week, he <a href="http://www.larryjohnsononline.com/2009/10/01/asia-disasters-need-more-than-a-shrug/" target="_blank">reminded</a> people about recent disasters in Asia &#8211; and that people need help.</p>
<p>On some days, when we worked together in the newsroom, I&#8217;d stop by his desk. We would get caught up on news out of Asia.</p>
<p>It was sort of the same way that I would stop by that bookstore in Hong Kong and pick up a copy of the Far Eastern Economic Review.</p>
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