German paper files for bankruptcy


Frankfurter Rundschau, a German newspaper that supported the opposition Social Democrats, has filed for bankruptcy, its owners, Druck und Verlagshaus Frankfurt am Main GmbH, have announced.

The newspaper has been published since 1945 and had a circulation of more than 160,000.

Spiegel magazine, which reported the bankruptcy, also reported that issues surrounding the possible closure of Financial Times Deutschland were being resolved. – (Agencies)