Financial Times Deutschland

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Financial Times Deutschland
Financial-times-deutschland.svg
Logo of the Financial Times Deutschland
Owner(s) Gruner + Jahr
Editor Steffen Klusmann
Founded21 February 2000
Political alignment Keynesianism [1]
LanguageGerman
Ceased publication7 December 2012
Headquarters Hamburg, Germany
Circulation 103,000
ISSN 1615-4118

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. [2]

Contents

History and profile

Financial Times Deutschland was founded at the height of the dot-com bubble on 21 February 2000 [3] as a joint venture between UK Financial Times publisher Pearson and Gruner + Jahr. [4] [5] The paper's original editor was Andrew Gowers. [6] Circulation grew to 103,000 readers by the third quarter of 2007, however the paper never turned a profit. [7] 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. [5] [8] Following the sale to Gruner + Jahr, the FT Deutschland became no longer subject to any editorial control from the Financial Times. [9]

The circulations of the daily in 2008, in 2009 and in 2010 were 112,238 copies, 103,276 copies and 103,609 copies, respectively. [10]

Closure

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. [7] G + J estimate that the FTD made a cumulative loss of €250m over its 12-year life. [5] The last print edition was published on 7 December 2012 [11] displaying an all black front cover featuring the words "Endlich schwarz" ("At last, black" alluding to never having booked a profit since inception). [12] The final issue was named Final Time Deutschland. [13] The paper's internet presence was also closed.

The final editor was Steffen Klusmann, who had taken the role on 1 August 2004 following the defection of Christoph Keese to rival Welt am Sonntag .

Following the closure, memorabilia from the newspaper was auctioned off, with the proceeds being donated to press freedom advocates Reporters Without Borders. [14]

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References

  1. ↑ Von Jan Mallien. "US-Ökonom Allan Meltzer: "Keynes' Politik ist ausrangiert"". Handelsblatt (in German). Retrieved 12 December 2012.
  2. ↑ Germany's Financial Times Deutschland closes after huge losses, Guardian, London, 7 December 2012.Retrieved: 20 December 2012.
  3. ↑ 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.
  4. ↑ "FTD-Historie: 12 Jahre in Bildern". Financial Times Deutschland. Retrieved 7 December 2012.
  5. 1 2 3 Gerrit Wiesmann (23 November 2012). "FT Deutschland closure date confirmed". Financial Times. Retrieved 7 December 2012.
  6. ↑ Gareth Jones (7 December 2012). "Gloom and jokes as Financial Times Deutschland laid to rest". Reuters. Retrieved 7 December 2012.
  7. 1 2 Nadine Schimroszik (23 November 2012). "Financial Times Deutschland to close". The Guardian. Retrieved 7 December 2012.
  8. ↑ "Gruner + Jahr Becomes Sole Shareholder of FINANCIAL TIMES DEUTSCHLAND". Gruner + Jahr. 29 January 2008. Retrieved 3 May 2015.
  9. ↑ John McDermott (3 October 2011). "Papandreou mulls resignation, says FT Deutschland". Financial Times. Retrieved 7 December 2012.
  10. ↑ "National newspapers total circulation". International Federation of Audit Bureaux of Circulations. Retrieved 7 October 2013.
  11. ↑ Shannon Smith (29 November 2012). "In Germany, the price of journalism". ZD Net. Berlin. Retrieved 25 April 2015.
  12. ↑ Rob Wile (7 December 2012). "FT Deutschland Final Issue". Business Insider. Retrieved 7 December 2012.
  13. ↑ Alison Langley (12 December 2012). "Europe's newspapers are dying too". Columbia Journalism Review. Retrieved 6 October 2013.
  14. ↑ "German newspapers: So farewell then, FTD". The Economist. 8 December 2012. Retrieved 15 January 2013.
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