• Germany edition
 
'Final Times Deutschland' bows out with grace
Photo: DPA

'Final Times Deutschland' bows out with grace

Published: 07 Dec 2012 08:30 GMT+01:00
Updated: 07 Dec 2012 08:30 GMT+01:00

The last edition of the Financial Times Deutschland business newspaper was published on Friday with an all-black front page bearing the words "Finally Black" in a gallows humour take on the financial trouble which forced its closure.

Editors knocked out letters in the title to leave Final Times Deutschland on the masthead, and filled the final edition with a review of the paper's 13-year history; its best stories, illustrations - and greatest mistakes.

The tone was fatalistically funny, with a photograph of the editorial team bowing on the final page, above the line, "Sorry dear readers, that these are the last lines of the FTD. We're sorry. We unconditionally apologise. But - if we were able to start again from the beginning - we would do it exactly the same."

The editors have a line apologising to share-holders for getting through "so many millions" - and to the advertisers, "that we have reported so critically about your companies."

The page numbers were dropped, in favour a count-down to the end of the paper, which finished with a "Last Will" commentary piece - supposedly the last testament of the paper's commentary writers and columnists.

Staff have raised nearly €25,000 for the "Reporters Without Borders" non-profit organisation, by auctioning off mementos from their office.

Publishers Gruner + Jahr announced last month that the Financial Times Deutschland had lost too much money and was not in a position to make a profit - and would be closed down. More than 360 staff will be affected and although some will be found jobs within Gruner + Jahr, most are expected to end up unemployed, something they are not accepting with black humour.

A demonstration is planned for Friday afternoon in front of the head quarters in Hamburg. The workers' council said Gruner + Jahr was letting 350 people go during what it called the "worst structural crisis in the media since the founding of the federal republic."

The Frankfurter Rundschau newspaper registered its insolvency recently, while the Nuremberg-based Abendzeitung was closed at the end of September. In October the news agency DAPD also applied for insolvency, while jobs are due to be cut at the Berliner Verlag newspaper group which publishes the Berliner Zeitung and the Berliner Kurier.

DAPD/The Local/hc

The Local (news@thelocal.de)

Don't miss...X
Left Right

Your comments about this article

09:53 December 7, 2012 by pepsionice
I think FT was a fairly decent and successful enterprise. The problem is that they wanted to be a daily newspaper for the business sector and investors, and there simply isn't enough interest to run something like this in a country of 80 million people. If they had been a weekly magazine on finance....publishing on Friday and delivery throughout Germany on Saturday.....it might have had better success.
12:20 December 7, 2012 by smart2012
FT closes and BILD stays open...

What a high quality
20:06 December 7, 2012 by pepsionice
BILD sells copies each and every morning, and every single bit of real important news....is in BILD....
22:37 December 7, 2012 by PNWDev
Here comes @smartguy again trying to appear relevant by begging for someone to pay attention to him.
11:44 December 8, 2012 by smart2012
I do not understand how people can spend time in defending Bild. Many of my German colleagues say Bild is garbage.. And I do not understand why a smart newspaper should show naked women all the time
Today's headlines
April wraps up with stormy week ahead
Lightning over Lake Starnberg, in Bavaria. Photo: DPA

April wraps up with stormy week ahead

The end of April is looking stormy for Germany with hot and cold air mixing and making for wild spring weather over the coming few days, state forecasters DWD said on Wednesday. READ () »

Germany sold €40 million of arms to Russia
Russian troops pictured in March in Crimea. Photo: DPA

Germany sold €40 million of arms to Russia

German arms sales to Russia have come under fire following the crisis in Ukraine. In 2012 Germany sold €40 million worth of rifles, pistols and armoured vehicles to the country. READ () »

Munich to get 'Tetris cube' hotel
Photo: Nieto Sobejano Architects, Berlin

Munich to get 'Tetris cube' hotel

Munich's old city centre is to receive an ultra modern addition to its skyline in the shape of a new hotel dubbed 'the Tetris cube'. READ () »

The Local List
German beer culture in 11 gulps
Photo: DPA

German beer culture in 11 gulps

Wednesday marks the 498th anniversary of Germany's celebrated beer purity law, so in honour of nearly half a millennium of hoppy history, this week's Local List tells some beer truths you may not know. READ () »

Feminist's apartment advert goes viral
Photo: Screenshot/Facebook

Feminist's apartment advert goes viral

Finding accommodation in Berlin is notoriously tricky. But one woman on the hunt might have a particularly hard time of it, with an advert for an apartment so absurd it has gone viral. READ () »

Russian spies step up activity in Germany
The Russian embassy building in Berlin. Photo: DPA

Russian spies step up activity in Germany

Russian spies are increasingly targeting potential informants in German politics and business by taking them out to dinner, according to counterintelligence services. READ () »

Jobless benefits to get leaner and meaner
Photo: DPA

Jobless benefits to get leaner and meaner

The German government is planning a shake-up of the country’s unemployment benefit system, Hartz IV, by introducing stricter rules on claimants in a move which supporters say will cut bureaucracy. READ () »

Germany's oldest woman dies aged 112
Gertrud Henze. Photo: DPA

Germany's oldest woman dies aged 112

Germany’s oldest woman died at the age of 112 on Tuesday. Gertrud Henze was born on December 8th 1901 and joked her long life was down to never getting married. READ () »

Exchange student 'murderer' stays silent
Police search the area near where Gabriele's body was found in October 2013. Photo: DPA

Exchange student 'murderer' stays silent

The alleged murderer of an exchange student in southern Germany stayed silent in the dock on Tuesday on the first day of his trial. READ () »

European Elections 2014
'If Britain goes, Europe is lost'
Hans-Olaf Henkel (r) celebrates the one-year anniversary of the AfD with leader Bernd Lücke. Photo: DPA

'If Britain goes, Europe is lost'

In an interview with The Local, one of the leaders of Germany's eurosceptic party talks about Europe's future, why Britain is a model country and why he will not work with UKIP's Nigel Farage. READ () »

RECEIVE OUR NEWSLETTER AND ALERTS
Photo: DPA
Politics
Interview with AfD - 'If Britain goes, Europe is lost'
Photo: DPA
National
Police damage own water cannon with eggs
Photo: DPA
National
Let us start work later after World Cup nights, unions says
Photo: DPA
Society
Crystal meth use hits record level
Photo: DPA
Rhineland
Elderly man taped €200,000 to his genitals
Photo: DPA
Business & Money
What's the unemployment rate in your area of Germany?
Photo: DPA
Gallery
Nine ways to celebrate Easter like a German
Photo: Galerie Bilderwelt
Gallery
World War I in colour photos
Photo: DPA
Society
JobTalk: Why you should teach English in Germany
Photo: DPA
National
330,000 sign up against TV licence fee
Photo: DPA
Hamburg
School kids hospitalized after 'porno' party
Photo: Submitted
Frankfurt
'I'll get even with my old pal Schwarzenegger'
Advertisement:
Photo: DPA
Gallery
Ten great inventions you (probably) didn't know were German
Photo: J. Arthur White
Berlin
Clashes in Berlin as refugees tear down their own camp
Photo: DPA
Gallery
Munich's baby polar bears are finally named
Photo: DPA
Gallery
The 10 best German employers to work for
CurrencyFair
Sponsored Article
Why it pays to avoid banks when making overseas transfers
Mr. Lodge
Sponsored Article
How to find a furnished rental in Munich
Sponsored Article
How to make a lasting impression in business
Hult International Business School
Sponsored Article
What they don't teach you at Business School
Photo: DPA
Society
Nine jobs you can only do in Germany
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
Photo: DPA
Features
The Local List Archive - Your guide to all things German
National
Share news tips with The Local Germany
Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,051
jobs available
Toytown Germany
Germany's English-speaking crowd