FT Deutschland could close

by
FTD

Harro Ten Wolde and Peter Maushagen of Reuters report that the Financial Times edition in Germany could be closed.

Ten Wolde and Maushagen write, “Publisher Gruner + Jahr (G+J), controlled by German media conglomerate Bertelsmann, is expected to decide the fate of the FTD at a board meeting on Wednesday but few at the paper doubt what the decision will be.

“‘There is not a single person in the newsroom who believes the newspaper will continue,’ a journalist who has been at the paper since its launch told Reuters.

“Another employee likened the mood to a ‘house of mourning.’

“A G+J spokesman declined to comment.

“The FTD, salmon-pink like its British namesake, has a daily circulation of about 102,000. It was founded as a joint venture with Pearson, but the publisher of the Financial Times sold its 50 percent stake to its German partner in 2008.

“The paper shook up the German print landscape in 2000 with its modern design, international perspective and free-wheeling journalism style.”

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