HAMBURG, Germany , Nov. 23, 2012 (Press Release) -
Gruner + Jahr is to close FINANCIAL TIMES DEUTSCHLAND (FTD) and all associated brands, publications and online activities. The last edition of the FTD is to be published on 7 December 2012. "FINANCIAL TIMES DEUTSCHLAND was one of the most ambitious journalistic projects of the last decade," said Julia Jäkel, President of Gruner + Jahr Germany. "This is the end of a significant chapter in the history of the German publishing industry. Gruner + Jahr and its shareholders have passionately and persistently fought for this newspaper for twelve long years. FINANCIAL TIMES DEUTSCHLAND has represented the epitome of outstanding, critically acclaimed journalism."
After its foundation, the FTD quickly made a name for itself as a source of independent, high-quality journalism in the worlds of business and politics. "Our quality writing breathed fresh life into German business journalism," Jäkel added.
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