"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, the Review's publisher.

BBC: News Corp closes Asian magazine

Latinos are now arguably the most important consumer group to marketers and media companies.

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"It appears that this is a ceasefire, " said Andrew Jay Schwartzman, policy director for the Media Access Project, a consumer group.

WSJ: Verizon's Tangled Web

Adriana Cisneros, 31, the designated successor to billionaire Gustavo Cisneros, 66, head of media, entertainment, telecom and consumer products conglomerate Cisneros Group.

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