Financial Times Germany
|Financial Times Germany|
|description||German business newspaper|
|Area of Expertise||Economy, finance, politics|
|publishing company||G + J Wirtschaftsmedien GmbH & Co. KG|
|First edition||February 21, 2000|
|attitude||December 7, 2012|
|Frequency of publication||Monday to Friday|
|Sold edition||102,101 copies|
|(IVW 3/2012, Mon-Fri)|
|Range||0.33 million readers|
|( MA 2011 I )|
The Financial Times Deutschland ( FTD ) was a daily business newspaper and a sister paper of the Financial Times (FT) with headquarters in Hamburg , which was owned by the publishing house Gruner + Jahr (G + J) and thus indirectly majority-owned by the media group Bertelsmann . It last achieved a sold edition of 102,101 copies, including 46,284 on-board copies . The newspaper has consistently lost money since its inception in 2000. The newspaper appeared for the last time on December 7, 2012, after the newspaper had been announced in November 2012.
The Financial Times Deutschland consisted of four newspaper books : Business , Politics , Finance and Agenda (the latter contained the elements of commentary, analysis, sport, culture and "Out of Office", a kind of colorful page). A fifth book ( Weekend ) was added to the Friday edition, which has meanwhile been integrated into the Agenda section. In addition, there were around 100 special supplements distributed over the year with a particular focus (financial or economic topics, presentation of an economic region). In addition, the FTD included the IT magazine Connectis (until 2002), which appeared in four languages as a supplement to the business newspapers of Pearson Verlag, the start-up magazine Enable and the luxury magazine How to spend it .
Outwardly, the FTD differed from other German papers because it was printed on salmon-colored paper, the shade of which was a touch darker than the salmon-colored British Financial Times . The unusual paper color was introduced by its publishers in 1893 in order to set the newspaper apart from competing papers.
Since the beginning of 2001, the FTD has been the national compulsory sheet of the eight German stock exchanges and a recognized publication organ for the legally required reports from listed companies.
The first edition of the Financial Times Deutschland appeared on February 21, 2000 under the supervision of the British founding editor Andrew Gowers and under the management of Michael Rzesnitzek. In October 2001 Andrew Gowers moved to the top of the Financial Times (FT) in London, whereupon Christoph Keese and Wolfgang Münchau followed him as editors-in-chief. In the summer of 2003, Münchau moved to London as a columnist for the FT . The FTD caused a sensation and criticism in September 2002 when - as is customary in the Anglo-Saxon press - it issued an election recommendation before the 2002 Bundestag elections: it recommended that the CDU be elected. In doing so, it broke a taboo that had not been touched in the German post-war press landscape. In September 2005 she made an election recommendation, this time in favor of the FDP .
In May 2004 Keese moved to Welt am Sonntag as the new editor-in-chief ; his successor on August 1, 2004 was Steffen Klusmann . From February 1, 2003, ICE travelers in first class received the FTD-Kompakt, a free daily newspaper. The twelve-page sheet was printed in an edition of 8,000 copies and delivered to 130 ICE trains at twelve stations in the morning. In 2005, the founding managing director Michael Rzesnitzek moved to the British parent company. A year later, the newspaper achieved a daily circulation of over 100,000 copies for the first time.
On March 1, 2007, Christoph Rüth became the sole managing director of Financial Times Deutschland (FTD). Before that he shared the position with Christoph Weger, who was appointed managing director of New Media Ventures GmbH, a Gruner + Jahr subsidiary, on March 1, 2007.
Until 2008 the FTD was a joint venture of the publishing house Gruner + Jahr and the British Pearson Publishing Group ( Financial Times ). On January 1, 2008, Gruner + Jahr took over the 50 percent FTD shares of the Pearson Publishing Group and thus became the sole owner. The newspaper was added to the Gruner + Jahr business media, which also included the magazines Capital , Börse Online and Impulse .
In November 2008, Gruner + Jahr decided to merge the editorial offices of the four business titles. A board of editors-in-chief was set up under the direction of FTD editor-in-chief Steffen Klusmann . A few months later the change from managing director Christoph Rüth to Axel Springer AG was announced. Ingrid M. Haas became the managing director of Gruner + Jahr Wirtschaftsmedien. In the European elections in Germany in 2009 , the FTD issued an election recommendation for Bündnis 90 / Die Grünen . She recommended the Union for the Bundestag election in the same year , and black-green was named as the preferred coalition . The online presence was revised in September 2009.
On November 23, 2012, the board of directors of the Gruner + Jahr publishing house announced that it would discontinue the newspaper for economic reasons. The last edition of the paper was published on December 7, 2012. More than 300 employees lost their jobs. The homepage www.ftd.de was available until October 2013 and showed content from the farewell edition of the newspaper. When the homepage was switched off, the online archive was also switched off. The Financial Times Deutschland reportedly made a loss of around 10 million euros in 2012 and a total loss of more than 250 million euros since 2000.
Edition: widely distributed copies
The widespread circulation, the number of all copies sold on average per issue ( kiosk sales , subscriptions , on- board copies and other free copies) rose from just under 67,000 in the third quarter of 2000 to more than 100,000 in 2004 and then remained at this level.
Although the widespread circulation remained above the 100,000 mark until the end, the number of copies for which the publisher received money (via subscriptions or individual sales) decreased. Conversely, the number of on-board copies given away rose from around 20,000 in 2004 to 46,000 in the third quarter of 2012.
Unlike on-board copies, subscriptions mean sales revenue for the publisher. The average number of copies sold per issue by subscription reached the 60,000 mark in 2004, but then fell again to 41,629 by the third quarter of 2012.
The decreasing number of subscriptions illustrates the decreasing economic success of the FTD.
Publisher and owner
The FTD was published by G + J Wirtschaftsmedien GmbH & Co. KG. This company is wholly owned by Gruner + Jahr . The publishing house in turn belonged to 74.9 percent Bertelsmann until October 2014 and 25.1 percent to the descendants of John Jahr , who thus had a blocking minority in important decisions . On October 6, 2014, Bertelsmann announced the complete takeover of Gruner + Jahr on November 1, 2014.
Edition Financial Crimes Germany
Up until 2010 another publisher had published some editions that were outwardly very similar to the FTD original (layout, paper color), but instead of Times had the word Crimes in the title. There were also online editions. Among the employees who pursued a completely different course in economic and financial policy were names such as Daniela Dahn , Sven Giegold , Ulrike Herrmann , Heribert Prantl , Werner Rügemer and Georg Schramm . The publisher was the Attac carrier association. V. or the Attac federal office in Frankfurt am Main .
- FTD: The death of a newspaper. NDR from December 12, 2012 (Youtube video, 28 minutes)
- Last website of the FTD ( Memento from January 2, 2013 in the Internet Archive )
- Three obituaries online
- According to IVW , third quarter of 2012, ( details and quarterly comparison on ivw.eu )
- Johannes Ritter: The Gruner + Jahr business media are threatened with extinction. Newspapers in crisis. In: Frankfurter Allgemeine. November 12, 2012, accessed December 11, 2012 .
- FTD breaks decades of taboo welt.de with its election recommendation
- Recommendation spiegel.de
- Message from the ICE newspaper . In: Eisenbahn-Revue International , issue 3/2003, p. 98.
- Gerrit Wiesmann: FT Germany closure date confirmed. In: Financial Times . November 23, 2012, accessed December 9, 2012 .
- Gruner + Jahr became the sole shareholder of the Financial Times Deutschland
- Press release from Gruner + Jahr from November 19, 2008 ( Memento of the original from November 15, 2011 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- FTD managing director Christoph Rüth changes to Axel Springer
- Gruner + Jahr announces the end of “Financial Times Deutschland”. Spiegel Online , November 23, 2012; Retrieved December 7, 2012.
- Zeitzeitung: Gruner + Jahr board of directors wants to discontinue “Financial Times Deutschland”. Spiegel Online , November 20, 2012.
- Zeitzeitung: End for Financial Times Germany? Frankfurter Rundschau , November 20, 2012.