Concept

Far Eastern Economic Review

Summary
The Far Eastern Economic Review (FEER or The Review) was an Asian business magazine published from 1946 to 2009. The English-language news magazine was based in Hong Kong and published weekly until it converted to a monthly publication in December 2004 because of financial difficulties. The Review covered a variety of topics including politics, business, economics, technology, and social and cultural issues throughout Asia, focusing on Southeast Asia and Greater China. The Far Eastern Economic Review was started in 1946 by Eric Halpern, a Jewish immigrant from Vienna. Halpern founded the magazine believing that Asia would become stable after World War II and that English would be widely used in the region among merchants, students and bankers. Before the Review, he had settled in Shanghai and worked for Finance and Commerce, a biweekly business magazine that shut down in December 1941 after the Japanese military invaded the city during the Second Sino-Japanese War. The first issue was published on 16 October 1946. The Kadoorie family, Jardines, and the HSBC provided seed capital for the Review. After Halpern's retirement in 1958, Dick Wilson became chief editor and publisher. He operated an office in a colonial building along the waterfront where the Mandarin Hotel is now located. During Wilson's tenure, the magazine extended its coverage from China and Hong Kong to other regions, including Japan, Australia, India, and the Philippines. In 1964 Wilson was succeeded as editor by Derek Davies, a Welsh journalist who had served in the British Foreign Office. Between 1964 and 1989, the Review became one of Asia's most authoritative magazines, with a circulation of nearly 90,000. At its peak, the Review had nearly 100 news staff members in 15 bureaus across Asia, making it the largest editorial team of any regional weekly publication. In 1972, the South China Morning Post gained a majority ownership of the Review. In 1987, Dow Jones, a minority shareholder since 1973, took full control of the Review after it acquired the 51% stake owned by the South China Morning Post.
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