Business

German offshoot of Financial Times closing

BERLIN — The publisher of The Financial Times’ German offshoot says production will be stopped shortly and some 320 employees will lose their jobs.

The Financial Times Deutschland, which has a circulation of about 100,000, was launched at the height of the Internet boom in 2000 but was never profitable.

Advertisement

Hamburg-based publisher Gruner + Jahr said in a statement Friday it sees ‘‘no way’’ to continue publishing the loss-making paper beyond Dec. 7 amid further falling revenues.

The paper’s journalists first reported that the daily is ‘‘about to be stopped’’ after a board meeting Wednesday.

Get Talking Points in your inbox:
An afternoon recap of the day’s most important business news, delivered weekdays.
Thank you for signing up! Sign up for more newsletters here

The publisher of the English-language Financial Times, Pearson PLC, sold its stake in the German paper in 2008.

Associated Press

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com