Far Eastern Economic Review | Message to current subscribers

Image via Wikipedia

If you are an existing FEER subscriber, you will be soon receiving a personal letter, outlining the details of your subscription suspension. FEER will continue to publish up to and including the December 2009 issue. Thank you for your support.
=======================================

DOW JONES & COMPANY TO FOCUS ON CORE PRODUCTS AND KEY MARKETS TO CATAPULT GROWTH IN ASIA

Key Markets include India, China and Japan;
Far Eastern Economic Review to Cease Publication in December

HONG KONG (Sept. 22, 2009) —This fall, Dow Jones & Company will focus on its core publications to better serve readers and advertisers in key markets, both in print and online, to catapult the company's growth in the burgeoning Asian marketplace.

As a result, the Far Eastern Economic Review will cease publication in December so opinion and commentary resources from Asia can be expanded across all Dow Jones properties. Unfortunately, despite several attempts at invigorating the brand, the REVIEW’s continued losses in advertising revenue and readers is now unsustainable.

Dow Jones has expanded local content from Asia in The Wall Street Journal print and online editions with an expanded news hole, redesigned WSJ.com, expansion of chinese.WSJ.com, new mobile content delivery via BlackBerry and iPhone devices, and the launch of a Japanese-language Web site coming this fall.

These investments into Dow Jones Asia have translated into an increased print circulation of 6.3% year-over-year for the Jan.-June period, led by a substantial increase in subscriptions, with particularly significant growth in Hong Kong, India, Malaysia and Taiwan. Average daily circulation also increased to 85,822 copies from 80,706 year-over-year.

“By increasing resources into growth areas at Dow Jones, we'll better serve a diverse group of readers and advertisers across Asia," said Christine Brendle, publisher of The Wall Street Journal Asia and managing director, Asia, Dow Jones Consumer Media Group.

"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. "It has a rich history of pioneering journalism and helped to set the standard for the press in Asia in the post-World War II era when local publications often lacked the freedom to report honestly. Dow Jones is proud to have been associated with the REVIEW and its invaluable contributions to the understanding of the Asia region.”

Hugo Restall, the REVIEW's editor since Oct. 2004, will remain a member of The Wall Street Journal editorial board, which he joined in Feb. 2004. Mr. Restall served as editorial page editor of The Wall Street Journal Asia from 1999 to 2003.

Current REVIEW subscribers will be offered a one-year subscription to asia.wsj.com, the regionally dedicated edition of the leading provider of business and financial news and analysis on the Web.
The Far Eastern Economic Review was launched in 1946.

###

About Dow Jones
Dow Jones & Company (www.dowjones.com) is a News Corporation company (NASDAQ: NWS, NWS.A; ASX: NWS, NWSLV; www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.

U.S. Agrees to Resettle Palestinians Displaced by Iraq War

By MIRIAM JORDAN

The U.S. agreed to resettle 1,350 Palestinians displaced by fighting in Iraq, marking the largest resettlement ever of Palestinian refugees in the nation.

View Full Image

Associated Press

A woman walks in a compound for Palestinian refugees in Baghdad, where many Palestinians fled after the U.S. invasion of Iraq

The decision appears to signal a shift in Washington's previous position against resettling Palestinians out of concern about the potential impact on U.S. relations with Israel and the Arab world. The resettlement, which is slated to begin this fall, is likely to illicit strong reactions from people on both sides of the Israeli-Palestinian conflict.

A State Department spokesman said the U.S. is responding to an appeal from the United Nations' refugee agency, UNHCR, which has been providing assistance to some 3,000 Palestinians stuck in three makeshift camps in the desert in the Syrian-Iraqi border region.

Middle Eastern scholars and refugee experts believe Washington felt pressured to help solve the humanitarian crisis created by the U.S.-led invasion. Some of the Palestinians have lived in the camps for more than three years.

"These particular Palestinians are a fallout from the Iraq War," said George Bisharat, a professor at the University of California Hastings College of Law, who specializes in Middle Eastern law. "The Obama administration had to take some responsibility for the consequences of the invasion."

However, resettling such a large number of Palestinians in the U.S. is a potentially volatile issue.

Many Arab countries interpreted President Barack Obama's speech in Cairo last month as an attempt to put U.S. relations with Islamic nations on a new course and dissipate the strain that characterized ties during the Bush administration. They see the offer of accepting Palestinian refugees as an early sign of a new openness.

Meanwhile, some supporters of Israel are concerned that the resettlement might alter the U.S.'s approach toward Israel.

Ziad Asali, president of the American Task Force on Palestine, a Washington advocacy group, applauded the U.S. decision, calling it "a significant step ... consistent with the new U.S. message of accommodation and finding solutions with the Muslim world."

However, Mr. Asali cautioned that it is bound to irk Palestinian and Arab leaders who interpret U.S. willingness to resettle Palestinians -- which comes with full rights such as citizenship down the road -- as "a conspiracy to liquidate the Palestinian refugee issue." With the exception of Jordan, no country in the Middle East has granted citizenship to Palestinian refugees. Many Arab countries believe that fully integrating large numbers of Palestinian refugees would undercut their demand for an independent state.

At least one pro-Israel group in the U.S. deems it a mistake to absorb the Palestinian Iraqis, who were welcomed by Saddam Hussein and regarded as loyal supporters of his regime. "We don't think that Washington should be bringing in a group of people who we know were publicly and consistently hostile to the United States and its closest ally, Israel," said Morton Klein, president of the Zionist Organization of America.

An Israeli government spokesman said that "Israel has no official position on this internal American issue."

Like other refugees, the Palestinians will be resettled across the U.S., based on where resettlement agencies partnering with the U.S. government decide housing and job opportunities are available. Refugees who have relatives in the U.S. are likely to be settled near their families.

Palestinians moved to Iraq after Arab-Israeli conflicts in 1948 and 1967, and following the Gulf War in 1991. The community grew to nearly 35,000. "Saddam Hussein made a point of using Palestinian refugees to show solidarity with the Palestinian cause," said Bill Frelick, refugee-policy director at Human Rights Watch in Washington.

The preferential treatment bred resentment among many Iraqis. After Baghdad fell to U.S.-led forces in 2003, Palestinians became a target for harassment and violence, including bombings and murder. A particular point of contention had been the government's provision of subsidized housing for Palestinians, often at the expense of mostly Shiite landlords who received little rent from the government in return.

After Mr. Hussein was deposed, many landlords evicted their Palestinian tenants, who are mainly Sunni Muslims. Driven out of Baghdad and other cities, the Palestinians tried to flee to neighboring Syria and Jordan, which already host hundreds of thousands of Palestinian refugees. When those countries blocked their entry, the displaced Palestinians sought refuge in camps that lack basic infrastructure and jeopardize their health and safety, said Mr. Frelick.

In October, the UNHCR issued an appeal to countries traditionally open to resettlement for urgent action after fruitless calls for help from humanitarian organizations. "It is priority that all these camps close by the end of the year because conditions are not sustainable," said Tim Irwin, a UNHCR spokesman in Washington.

The U.S. committed to absorb the largest number of Iraqi Palestinians. Sweden, the Netherlands and the U.K. also joined the effort, he said. So far, 24 Palestinian refugees have been resettled in the U.S. The remainder are expected to arrive by early 2010.

Write to Miriam Jordan at miriam.jordan@wsj.com