The ''Financial Times Deutschland'' was a German-language financial newspaper based in

Hamburg (male), (female) en, Hamburger(s), Hamburgian(s) , timezone1 = Central (CET) , utc_offset1 = +1 , timezone1_DST = Central (CEST) , utc_offset1_DST = +2 , postal ...

, Germany, published by

Bertelsmann Bertelsmann SE & Co. KGaA () is a German private multinational conglomerate corporation based in Gütersloh, North Rhine-Westphalia, Germany. It is one of the world's largest media conglomerates, and is also active in the service sector and ...

Gruner + Jahr Gruner may refer to: People * Dov Gruner (1912–1947), Jewish Zionist leader * Eduard Gruner, Swiss engineer * Elioth Gruner (1882–1939), Australian painter * Gottlieb Sigmund Gruner (1717–1778), Swiss cartographer and geologist * Klaus ...

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.

History and profile

''Financial Times Deutschland'' was founded at the height of the

dot-com bubble The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Compo ...

on 21 February 2000 as a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

between UK ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...

'' publisher

Pearson Pearson may refer to: Organizations Education *Lester B. Pearson College, Victoria, British Columbia, Canada *Pearson College (UK), London, owned by Pearson PLC *Lester B. Pearson High School (disambiguation) Companies *Pearson PLC, a UK-based int ...

and

. The paper's original editor was

Andrew Gowers Andrew Gowers (born 1957) was appointed editor of the ''Financial Times'' in October 2001. He resigned from this post in November 2005 citing "strategic differences". In March 2012 he was appointed Director of External Relations at the Association ...

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

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. 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. The final

editor Editing is the process of selecting and preparing written, photographic, visual, audible, or cinematic material used by a person or an entity to convey a message or information. The editing process can involve correction, condensation, orga ...

was Steffen Klusmann, who had taken the role on 1 August 2004 following the defection of Christoph Keese to rival ''

Welt am Sonntag Welt, welts or variants may refer to: Media * ''Die Welt'' (''The World''), a German national newspaper ** ''Welt am Sonntag'' (''World on Sunday''), the Sunday edition of ''Die Welt'' * ''Die Welt (Herzl), Die Welt'', former weekly newspaper in ...

''. Following the closure, memorabilia from the newspaper was auctioned off, with the proceeds being donated to press freedom advocates

Reporters Without Borders Reporters Without Borders (RWB; french: Reporters sans frontières; RSF) is an international non-profit and non-governmental organization with the stated aim of safeguarding the right to freedom of information. It describes its advocacy as found ...

References

External links

{{DEFAULTSORT:Financial Times Deutschland 2000 establishments in Germany 2012 disestablishments in Germany Business journalism in Germany Business newspapers Daily newspapers published in Germany Defunct newspapers published in Germany Finance in Germany Financial Times German-language newspapers Newspapers published in Hamburg Newspapers established in 2000 Publications disestablished in 2012