Pearson in talks on German link
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.PEARSON, the newspapers and television group, is in talks with the German media giant Bertelsmann about setting up a new German-language financial newspaper.
Gruner + Jahr, Bertelsmann's newspaper and magazine division, yesterday confirmed that it is discussing the project with executives from Pearson's Financial Times.
Talks are still at an early stage, and the two companies are considering a range of different options. However, a spokesman for Gruner said the project would cost up to 92m Euros (pounds 64m) and lead to the recruitment of between 80 and 100 journalists.
Last weekend Pearson confirmed that it had asked Andrew Gowers, deputy editor of the Financial Times, to look at a number of options for expansion.
The initiative demonstrates Pearson's determination to build on the reputation of the FT outside the UK. The paper is currently in the middle of a pounds 50m investment designed to boost sales. Circulation in the US recently hit 70,000 and the paper now sells more copies outside the UK than inside. Gruner + Jahr publishes newspapers including the Berliner Zeitung and magazines such as the German version of Marie Claire.
The news emerged as Pearson announced it had taken a 10.9 per cent stake in E-Pub, a US-based online entertainment group, and signed an agreement allowing E-Pub to develop online versions of its game shows.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments