News: Ft sees Metropol before the end
According to the business newspaper Financial Times (FT), the free newspaper publisher Metro International is considering discontinuing its Zurich-based publication, Metropol.
According to the Financial Times (FT), free newspaper publisher Metro International is considering closing its Zurich title Metropol.News Ft sees Metropol on the brink of extinction
Sources for this are not given. According to the FT, the rapid global expansion has had serious consequences for the company's cash flow and balance sheet, so that Metro has to worry about its financial resources. In an interview with the FT, Metro CEO Pelle Törnberg commented on the financial situation: "If we stop the expansion and cease operations in two or three cities, we will already see a profit this year." Metro International's PR agency Shared Value in London said that the FT journalist was probably reflecting the opinion of an analyst. As the publication of the annual financial statements is due on February 19, no information on the situation of individual Metro stocks can be provided at present.
Metro postpones launch in Paris The Paris edition of the free newspaper Metro could not be launched on Monday as planned. Following protests from French press distributors and trade unions, the publisher Metro International postponed the launch for the time being. However, the commuter paper should be launched "in a few days". Press distributors and trade unions see this as a threat to press freedom and consider the publication of free daily newspapers to be anti-competitive. According to the Financial Times, Metro Paris is to be launched with a circulation of 300,000 copies. The paper will be distributed by hand, as the publisher has not been granted permission to set up newspaper boxes in Paris.
Sources for this are not given. According to the FT, the rapid global expansion has had serious consequences for the company's cash flow and balance sheet, so that Metro has to worry about its financial resources. In an interview with the FT, Metro CEO Pelle Törnberg commented on the financial situation: "If we stop the expansion and cease operations in two or three cities, we will already see a profit this year." Metro International's PR agency Shared Value in London said that the FT journalist was probably reflecting the opinion of an analyst. As the publication of the annual financial statements is due on February 19, no information on the situation of individual Metro stocks can be provided at present.
Metro postpones launch in Paris The Paris edition of the free newspaper Metro could not be launched on Monday as planned. Following protests from French press distributors and trade unions, the publisher Metro International postponed the launch for the time being. However, the commuter paper should be launched "in a few days". Press distributors and trade unions see this as a threat to press freedom and consider the publication of free daily newspapers to be anti-competitive. According to the Financial Times, Metro Paris is to be launched with a circulation of 300,000 copies. The paper will be distributed by hand, as the publisher has not been granted permission to set up newspaper boxes in Paris.
