Metro US for sale
After sales of Metro Finland and Czech Republic also the US branch of the Metro chain is up for sale. The operations in Boston (2001), New York (2004) and Philadelphia (2000) have been losing money since they launched. The loss in the last year was $10.6m. The publishers of the US Metro’s, however, have the conviction that the parent company is only looking for partners in the US.
One of the parties interested in the New York paper would be Philip Anschutz’s company Clarity Media, publishing their free Examiner in San Francisco, Baltimore, and Washington. The Boston Metro is already owned for 49% by the New York Times. (Boston.com)
January 13th, 2008 at 1:10 am
[...] Metro US for sale. Last year’s loss was over $10m. It appears as though Metro may be retrenching to focus on countries where money is being made. [...]