City AM goes abroad
London business free daily City AM is planning several international editions. The two Dutch investors of City AM, Boudewijn Poelmann and Derk Sauer, want to expand the concept to Frankfurt, Hong Kong, Tokio and New York. Paris and perhaps Amsterdam could follow later. Both investors started their first free daily, the Moscow Times, in 1992. Three years ago they sold the paper to Finnish publisher Sanoma. In April City AM already announced editions for Edinburgh, Manchester, Glasgow and Leeds, that would be launched ‘later this year’ (see previous post). The London business paper already has contacts with Portuguese business free daily OJE that uses City AM’s design (see previous post).