Skip to comments.Financial Times Deutschland to fold
Posted on 11/21/2012 12:47:35 PM PST by Olog-hai
The Financial Times Deutschland newspaper is on the verge of filing for bankruptcy, endangering around 350 jobs, the paper announced on its homepage on Wednesday.
The FTDs official daily circulation is 102,000, though a significant proportion of that is reportedly given away in airports and railway stations.
The FTD was launched in 2000 as an affiliate to the British Financial Times, but ownership passed into the hands of G+J, owned by Bertelsmann media group, in 2008.
(Excerpt) Read more at thelocal.de ...
They have a lot of free dailies out there, the Metro and stuff. Must be rough competing for ad dollars.