German FT to end publication
The paper, published in the salmon pink colour of its British namesake, is pulling the plug after accumulating what local media said were €250 million (£203m) in losses since 2000.
G&J, controlled by German media conglomerate Bertelsmann, launched the paper 12 years ago as a joint venture with Pearson, but the publisher of the FT sold its 50 per cent stake to its German partner in 2008.
Advertisement
Hide AdAdvertisement
Hide AdThe publication, which has faced tough competition from a plethora of established national newspapers since its launch in 2000, has a circulation of about 100,000 but never made a profit.
It is thought that some 330 employees will lose their jobs.