Metro Italy sale confirmed

Metro International confirmed the sale of their Italian edition on July 31 – one day earlier it was already posted on newspaperinnovation.com.

New owner is New Media Enterprises, controlled by Salvatore Puzzo and printing company Litosud (minority of 20%), a company connected to free daily DNews.

The transaction is estimated to have a positive cash flow impact for Metro International of approximately € 1.5 million in 2009 according to Metro.

Metro publishes six editions in Italy (Rome, Milan, Bologna, Florence, Genoa, Turin), with a total circulation of around 800,000 and 1.8 million daily readers. Leggo (Caltagirone, Il Messaggero) is the largest Italian free daily. Metro and City (RCS media group, Corrière della Sera) compete for the second place. E Polis and DNews follow on position 4 and 5.

Metro started in Italy in July 2000 with an edition in Rome, Milan followed in October of that year although Schibsted won the official tender but could not launch the paper as Norway was a non-EU country. The other editions started in 2005. Editions for Veneto and Bergamo closed down in 2009 and 2008.

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