The actor was dropped by publishers Bauer Media, who also promised a donation to Women's Aid and a full internal inquiry.
Dyer, who is understood to have contacted his lawyers over the incident, told The Sun: "This is totally out of order, I am totally devastated.
"I have been completely misquoted. This is not the advice I would give any member of the public I do not condone violence against women."
However, an updated statement on the magazine's website read: "We would like to make it clear that Danny was not misquoted, but that does not excuse the fact his comment appeared in print."
According to The Guardian, Dyer's column is thought to be transcribed by a member of staff at the magazine as it is dictated over the phone by the actor.