Germany Hit by Wave of Newspaper Bankruptcies

For years, Germany had seemed largely immune to the print-media woes washing over the US. In recent weeks, though, the country’s newspaper industry has been hit by a pair of high-profile bankrupcies. On Friday, the respected Financial Times Deutschland became the latest victim.Germany’s newspaper market is among the biggest in the world. With 333 titles to choose from, numerous robust local and regional papers among them, the country has long seemed a bastion of stability amid a struggling global print news market.Those times, however, would seem to be over. On Friday, German publisher Gruner + Jahr announced that it was ceasing publication of the Financial Times Deutschland, the German offshoot of the influential British financial daily. The final issue of the salmon-colored broadsheet is to appear on December 7, after which some 320 employees will lose their jobs.

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