Pearson sale of FT Deutschland expected shortly

Financial Times publisher Pearson is expected to shortly announce the sale of its 50 per cent stake in German business paper FT Deutschland, according to The Times (and the FT).

Gruner + Jahr, which owns the other half of FT Deutschland, is set to take full control of the title in a deal reportedly worth £11m.

Press Gazette reported last September that Pearson was in talks with the publisher of Der Spiegel about offloading the title, which has failed to turn a profit since its launch in 2000. According to The Times, the discussions fell through.

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