German 'FT' to close in weeks

Thu, Nov 22, 2012, 00:00

The Financial Times Deutschland will survive for another two weeks before closing down, executives have told staff on the 12-year-old paper.

Members of the supervisory board of FT Deutschland’s owner Gruner + Jahr have discussed the future of the financial newspaper and it is believed that it will decide to close the paper.

The outcome of the meeting was not known last night but staff members said they had been told it would close on December 7th.

Gruner + Jahr would not comment on the reports but said the board had to follow certain rules, which include negotiations with the unions. – (Guardian service)