Financial Times Deutschland
{{Short description|German financial newspaper}}
{{Use dmy dates|date=April 2015}}
{{infobox newspaper
| image = Financial-times-deutschland.svg
| caption = Logo of the Financial Times Deutschland
| foundation = 21 February 2000
| owners = Gruner + Jahr
| political = Keynesianism{{cite web|author=Von Jan Mallien. |url=https://www.handelsblatt.com/politik/oekonomie/nachrichten/us-oekonom-allan-meltzer-keynes-politik-ist-ausrangiert/6634060-3.html|title=US-Ökonom Allan Meltzer: "Keynes' Politik ist ausrangiert"|language=de|work=Handelsblatt|access-date=12 December 2012}}
| language = German
| ceased publication = 7 December 2012
| headquarters = Hamburg, Germany
| editor = Steffen Klusmann
| price =
| audience =
|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.[https://www.theguardian.com/media/2012/dec/07/germany-financial-times-deutschland-closes Germany's Financial Times Deutschland closes after huge losses, Guardian, London, 7 December 2012].Retrieved: 20 December 2012.
History and profile
Financial Times Deutschland was founded at the height of the dot-com bubble on 21 February 2000{{cite web|author=Carsten Croonenbroeck|author2=Roman Matkovskyy|title=Is the Market Held by Institutional Investors? The Disposition Effect Revisited.|url=http://www.wiwi.europa-uni.de/de/forschung/publikationen-projekte/dp/_dokumente/338_Croonenbroeck_Matkovskyy.pdf|work=European University Viadrina Frankfurt|access-date=3 February 2015|format=Discussion paper. No: 338|date=July 2013}} as a joint venture between UK Financial Times publisher Pearson and Gruner + Jahr.{{cite web|url=http://www.ftd.de/panorama/leute/:ftd-historie-12-jahre-in-bildern/70126079.html|title=FTD-Historie: 12 Jahre in Bildern|work=Financial Times Deutschland|access-date=7 December 2012}}{{cite web|author=Gerrit Wiesmann|url=http://www.ft.com/cms/s/0/0c8df1ae-356b-11e2-bd77-00144feabdc0.html#axzz2ENB8wZWR|title=FT Deutschland closure date confirmed|work=Financial Times|date=23 November 2012|access-date=7 December 2012}} The paper's original editor was Andrew Gowers.{{cite web|author=Gareth Jones|url=http://uk.reuters.com/article/uk-germany-newspaper-idUKBRE8B60J820121207|archive-url=https://web.archive.org/web/20160305204203/http://uk.reuters.com/article/uk-germany-newspaper-idUKBRE8B60J820121207|url-status=dead|archive-date=5 March 2016|title=Gloom and jokes as Financial Times Deutschland laid to rest|work=Reuters|date=7 December 2012|access-date=7 December 2012}} 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.{{cite news|title=Gruner + Jahr Becomes Sole Shareholder of FINANCIAL TIMES DEUTSCHLAND|url=http://www.guj.de/en/press/press-releases/gruner-jahr-becomes-sole-shareholder-of-financial-times-deutschland/|access-date=3 May 2015|work=Gruner + Jahr|date=29 January 2008}} Following the sale to Gruner + Jahr, the FT Deutschland became no longer subject to any editorial control from the Financial Times.{{cite web|author=John McDermott|url=http://ftalphaville.ft.com/blog/2011/10/03/691471/papandreou-mulls-resignation-says-ft-deutschland/|title=Papandreou mulls resignation, says FT Deutschland|work=Financial Times|date=3 October 2011|access-date=7 December 2012}}
The circulations of the daily in 2008, in 2009 and in 2010 were 112,238 copies, 103,276 copies and 103,609 copies, respectively.{{cite web|title=National newspapers total circulation|url=http://www.ifabc.org/site/assets/media/National-Newspapers_total-circulation_IFABC_09-07-12.xls|work=International Federation of Audit Bureaux of Circulations|access-date=7 October 2013|archive-date=6 December 2014|archive-url=https://web.archive.org/web/20141206234846/http://www.ifabc.org/site/assets/media/National-Newspapers_total-circulation_IFABC_09-07-12.xls|url-status=dead}}
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.{{cite web|author=Nadine Schimroszik |url=https://www.theguardian.com/media/2012/nov/23/financial-times-deutschland-close-germany|title=Financial Times Deutschland to close|work=The Guardian |date=23 November 2012|access-date=7 December 2012}} 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{{cite news|author=Shannon Smith|title=In Germany, the price of journalism|url=https://www.zdnet.com/article/in-germany-the-price-of-journalism/|access-date=25 April 2015|work=ZD Net|date=29 November 2012|location=Berlin}} displaying an all black front cover featuring the words "Endlich schwarz" ("At last, black" alluding to never having booked a profit since inception).{{cite web|author=Rob Wile|url=http://www.businessinsider.com/ft-deutschland-final-issue-2012-12|title=FT Deutschland Final Issue|work=Business Insider|date=7 December 2012|access-date=7 December 2012}} The final issue was named Final Time Deutschland.{{cite web|title=Europe's newspapers are dying too|url=https://www.cjr.org/behind_the_news/european_newspapers_in_dire_st.php?page=all|work=Columbia Journalism Review|access-date=6 October 2013|author=Alison Langley|date=12 December 2012}} 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.{{cite web|url=https://www.economist.com/news/business/21567952-curtains-or-see-you-world-wide-web-so-farewell-then-ftd |title=German newspapers: So farewell then, FTD|work=The Economist|date=8 December 2012|access-date=15 January 2013}}
References
{{Reflist|33em}}
External links
{{Bertelsmann}}
{{DEFAULTSORT:Financial Times Deutschland}}
Category:2000 establishments in Germany
Category:2012 disestablishments in Germany
Category:Business journalism in Germany
Category:Business newspapers published in Germany
Category:Daily newspapers published in Germany
Category:Defunct newspapers published in Germany
Category:German-language newspapers
Category:Newspapers published in Hamburg