The Rev. Jerry Falwell has announced he is discontinuing the monthly Fundamentalist Journal, the third major enterprise he has abandoned in a retrenchment that began last year. Falwell, who last year gave up his daily television show, "The Pastor's Study," said he is discontinuing the journal as part of an overall effort to more tightly focus his ministry around his enterprises in Lynchburg, Va. This year, Falwell announced the demise of the Moral Majority organization, which was among the best-known of the so-called "religious New Right" organizations of the 1980s. The Fundamentalist Journal was founded in September 1982 by Falwell's "Old Time Gospel Hour" to present fundamentalism in a more positive light. The first editor, Nelson Keener, said in 1984 that "fundamentalism needed an organ that was professionally published and written." Falwell and Ed Dobson, who succeeded Keener as editor, made the journal into a unifying force for the fundamentalist movement. The journal avoided the criticism and name-calling that is a major element of many other fundamentalist periodicals. It was a member of the Evangelical Press Association and frequently featured advertisers and writers that were found more often in evangelical than fundamentalist outlets. In April 1987, Fundamentalist Journal published five articles on the effects of adultery within the church -- including ministers who commit adultery. The articles had been prepared before the magazine's staff knew of the PTL scandal that became public in March of that year and led Falwell to assume temporary control of the ministry founded by Jim Bakker. Falwell spokesman Mark DeMoss said the discontinuation of Fundamentalist Journal with the December issue is one of "a number of difficult decisions like the disbanding of the Moral Majority and the cancellation of Mr. Falwell's daily television program last year." He said Falwell is trying to devote his time and resources to Thomas Road Baptist Church and Liberty University. "The decision to eliminate the magazine is first and foremost a priorities issue," DeMoss said. "Secondly, it's a financial issue. The magazine fell far short of paying for itself."