Skip to main content
Advertising

Originally published Thursday, April 11, 2013 at 9:59 AM

  • Share:
           
  • Comments (0)
  • Print

German news agency dapd closes

An insolvency administrator has ordered the German news agency dapd to shut operations immediately after it failed to find investors.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

BERLIN —

An insolvency administrator has ordered the German news agency dapd to shut operations immediately after it failed to find investors.

A statement from administrator Petra Hilgers says the search for new partners to invest capital has failed, and "the delivery of news to customers will end today." Hilgers' office says she is not available for further comment.

Cornelia Hass, head of the German journalists' union ver.di, said Hilgers delivered the news Thursday afternoon to dapd employees. The agency, which filed for bankruptcy in October, employs more than 150 people and many freelancers.

Investors Martin Vorderwuelbecke and Peter Loew established dapd after buying the German-language service of The Associated Press in late 2009 and merging it with the news agency ddp to form Germany's second-largest agency.

News where, when and how you want it

Email Icon


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►