Metro closed three Spanish editions
Free daily Metro in Spain will close three editions because of problems caused by the economic crisis: Basque Country (Bilbao), Galicia (La Coruna, Vigo & Santiago) and Aragon (Zaragoza).
For the edition in Sevilla (Andalucia) workforce is reduced. More than a dozen staff members lost their job in the operation. From now on, the national edition will be distributed in the markets affected.
Metro is also seeking an ERE (see posting below) for 40 employees. The edition for the Canary Islands was already closed down at the end of October. (El Confidential)
The last issues of the three editions involved (joint circulation 100,000) were published on November 28.
December 18th, 2008 at 11:57 am
[...] (away their desks forever) NY Sun, Belfast’s La Nua, Kazakhstan’s Law and Justice, Moscow’s The Exile, US Post newspapers, Trinity Mirror weekly titles, Switzerland’s Mittelland, three editions of Spanish Metro. [...]
December 23rd, 2008 at 10:19 am
This is quite interesting, free daily press is suffering as the traditional press. Having a substantial lower cost base does not help vs. subscription revenues is it ?
Do you have any idea of the source of this information ?
Thanks
December 23rd, 2008 at 12:55 pm
The source is the ‘El Confidential’ article - having no subscription or single copy sales revenues is particularly bad in recessions when all advertisers cut costs.