Categories: OLD Media Moves

FT Deutschland could close

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.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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