German newspapers hit by bankruptcies

Nov 23, 2012, 12:31 PM EST
A copy of German business daily newspaper Financial Times Deutschland lies on display at a kiosk on November 21, 2012 in Berlin, Germany.
Getty Images/Sean Gallup

Germany had long seemed largely immune to the woes afflicting U.S. print media. But the country has seen two high-profile news bankrupcies in the past couple of months. Grüner+Jahr's respected FT Deutschland, which lost €250 million ($325 million) since its launch in 2000, has become the latest victim.