HAMBURG, GERMANY - DECEMBER 07:  Pedestrians walk past the editorial offices of German news weekly Der Spiegel on December 7, 2012 in Hamburg, Germany. Spiegel Verlag, the publishing company that owns Der Spiegel, as well the Spiegel Online, which is the Internet edition of the magazine, and Spiegel TV, announced recently the company must face declining circulation with cost reduction, which will include layoffs. Of the 150 employees at Spiegel TV 40 have already been laid off. The German media landscape is currently weathering a series of setbacks that include the recent closings of the Frankfurter Rundschau and Financial Times Deutschland daily newspapers as well as the bankruptcy declaration of the dapd news agency.  (Photo by Patrick Lux/Getty Images)