Financial Times Deutschland
The Financial Times Deutschland was a German-language financial newspaper based in Hamburg, Germany, published by Bertelsmann's Gruner + Jahr newspaper and magazine division. The daily contained four sections: Business, Politics & Economy, Finance, and Agenda (Comment, Analysis, Sport, Culture). It ceased publication on 7 December 2012.
|Owner(s)||Gruner + Jahr|
|Founded||21 February 2000|
|Ceased publication||7 December 2012|
History and profile
Financial Times Deutschland was founded at the height of the dot-com bubble on 21 February 2000 as a joint venture between UK Financial Times publisher Pearson and Gruner + Jahr. The paper's original editor was Andrew Gowers. Circulation grew to 103,000 readers by the third quarter of 2007, however the paper never turned a profit. At the beginning of 2008 Pearson sold their stake to Gruner + Jahr for €10m and an agreement to receive annual licence fees of €500,000. Following the sale to Gruner + Jahr, the FT Deutschland became no longer subject to any editorial control from the Financial Times.
In November 2012, Gruner + Jahr announced the closure of Financial Times Deutschland as part of a restructuring of their economics publishing division, having failed to find a buyer for the title. G + J estimate that the FTD made a cumulative loss of €250m over its 12-year life. The last print edition was published on 7 December 2012 displaying an all black front cover featuring the words "Endlich schwarz" ("At last, black" alluding to never having booked a profit since inception). The final issue was named Final Time Deutschland. The paper's internet presence was also closed.
- Von Jan Mallien. "US-Ökonom Allan Meltzer: "Keynes' Politik ist ausrangiert"". Handelsblatt (in German). Retrieved 12 December 2012.
- Germany's Financial Times Deutschland closes after huge losses, Guardian, London, 7 December 2012.Retrieved: 20 December 2012.
- Carsten Croonenbroeck; Roman Matkovskyy (July 2013). "Is the Market Held by Institutional Investors? The Disposition Effect Revisited" (Discussion paper. No: 338). European University Viadrina Frankfurt. Retrieved 3 February 2015.
- "FTD-Historie: 12 Jahre in Bildern". Financial Times Deutschland. Retrieved 7 December 2012.
- Gerrit Wiesmann (23 November 2012). "FT Deutschland closure date confirmed". Financial Times. Retrieved 7 December 2012.
- Gareth Jones (7 December 2012). "Gloom and jokes as Financial Times Deutschland laid to rest". Reuters. Retrieved 7 December 2012.
- Nadine Schimroszik (23 November 2012). "Financial Times Deutschland to close". The Guardian. Retrieved 7 December 2012.
- "Gruner + Jahr Becomes Sole Shareholder of FINANCIAL TIMES DEUTSCHLAND". Gruner + Jahr. 29 January 2008. Retrieved 3 May 2015.
- John McDermott (3 October 2011). "Papandreou mulls resignation, says FT Deutschland". Financial Times. Retrieved 7 December 2012.
- "National newspapers total circulation". International Federation of Audit Bureaux of Circulations. Retrieved 7 October 2013.
- Shannon Smith (29 November 2012). "In Germany, the price of journalism". ZD Net. Berlin. Retrieved 25 April 2015.
- Rob Wile (7 December 2012). "FT Deutschland Final Issue". Business Insider. Retrieved 7 December 2012.
- Alison Langley (12 December 2012). "Europe's newspapers are dying too". Columbia Journalism Review. Retrieved 6 October 2013.
- "German newspapers: So farewell then, FTD". The Economist. 8 December 2012. Retrieved 15 January 2013.