Archive for the ‘Publishers’ Category

Metro delisted 31 May 2012

Friday, May 4th, 2012

Metro International will be delisted from the Stockholm stock exchange on 31 May 2012.

Almost all shares and warrants have been bought by Metro’s largest shareholder Investment AB Kinnevik. After the last day of trading Kinnevik will offer holders to divest such holdings to Kinnevik (or a subsidiary) on terms corresponding to those applicable under Kinnevik’s previous public cash offer.

SF Examiner buys Bay Guardian weekly

Thursday, April 26th, 2012

Free daily SF Examiner has bought the free weekly Bay Guardian for an undisclosed sum according to SFgate.

The combination is somewhat weird as the former publication has had a clear conservative editirial line while the Bay Guardian is a progressive weekly.

The Examiner, however, has changed hands in November 2011, when a group of businessmen bought it from Denver businessman Philip Anschutz.

Clarity Media Group, owned by conservative billionaire businessman Philip Anschutz
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The Guardian, started in 1962, has a circulation of 70,000 copies. The Examiner distributes 180,000 copies on average.

No profit for Metro in Q1

Wednesday, April 18th, 2012

Because of disappointing European results and launching costs in Colombia, Metro International reports a loss of €1.6m in the first quarter of 2012 (-€2.2 in Q1 2011).

Net revenue of the company, however, increased by 4% to €47.2m (€45.2m in 2011).

Metro reports sales growth in Chile, Mexico and St Petersburg (EBIT margin of 29%). Also Brazil performed very well.

Sweden showed an EBIT margin of 11% (13% in Q1 2011) with a stable revenue. The margin in Denmark was -2% (+8% in 2011), while Holland dropped to -3% (+8% in 2011).

In the last case, the situation changed in 2012: “The free daily newspaper De Pers closed down their operation in March and Metro has taken over important elements of their distribution.”

Hong Kong also reported a minus (-1%), which is new for this edition. Net revenue went up, but the free daily competion in Hong Kong increased dramatically in 2011.

€19 million profit for Metro in 2011

Saturday, April 7th, 2012

Screen shot 2012-04-07 at 8.39.14 PMMetro International’s profit increased from €12m in 2010 to €19m in 2011 according to the 2011 annual report of the company.

Sweden with €13.9m (19% EBIT margin), Russia with €3.8m (34% EBIT margin), Mexico with €3.4m (23% EBIT) and Chile (without SubTV) €1.2m EBIT margin) performed very well.

Hong Kong had a EBIT margin of 10% but this was less than in 2010 (17%).

Denmark showed a profit of €1.9m (7% EBIT margin), the Netherlands a small profit of €450,000 (2% EBIT margin).

Headquarter costs were €21.4m in 2011.

Schibsted 2011 results

Saturday, April 7th, 2012

Screen shot 2012-04-07 at 8.34.23 PMThe combined French and Spanish editions of Schibsted’s free papers 20 Minutes/Minutos showed lower profits in 2011 than in 2010 according to the 2011 annual report of the Norwegian media house.

In France (50% owned) revenues were growing (from €52m to €61m) but the cost increaed because of the expanded distribution. Profit was €2.5m (€3.6m in 2010).

In Spain results were heavely affected by the  economic situation, revenues dropped from €26 to €23m while the operation lost €3.6m in 2011.

The 20 minutes website is the third news website in France. The Spanish website is the third newssite in the Sapnish speaking world.

Metro shareholders accept Kinnevik offer

Monday, March 19th, 2012

According to Swedish media website, the majority of Metro International shareholders will accept the offer by the major shareholder Kinnevik for the remaining shares.

Shareolders Fjärde AP-Fonden and Swedbank Robur will accept the offer because if they don’t, they will have little influence on the – delisted – company that is registered in Luxembourg.

Swedish law protects minority shareholders better.

Metro expansion plans: China, India, Russia and north Africa

Monday, March 12th, 2012

Picture 64In an interview in the Financial Times, Kinnevik chairman Cristina Stenbeck, said China, India, Russia and north Africa were potential targets for expansion for Metro International. “Migrating from Europe” is the new strategy for Metro.

Mikael Jensen, Metro’s chief executive, added that the group was in the initial phase of looking at various markets in the Middle East as well.

Kinnevik, that has offered to buy all shares of Metro, promises “significant investments” in the expansion, not only in print but also in online.

New owner for DNews

Sunday, February 26th, 2012

DNewsMilano710-211x300Italian free daily DNews will change hands on the first of March.

Owner Mario Farina transfers the shares of the company to Emotional Advertising, the agency that is now handling the ad sales for the company.

Farina is since July 2009, also owner of the Metro free daily.

DNews, launched by Farina and Antonio and Gianni Cipriani brothers, ex-employees of the (now defunct) free daily E Polis, was expected to develop into the leading free quality newspaper in Italy.

The paper started with four editions and claimed a circulation of 800,000. In the 2011 the editions in Bergamo and Verona closed down.

The economic problems also resulted in a decrease in circulation, according to owner Emotional Advertising, the circulation is still 4870,000 but Lettera43 says that the real circulation is 50,000.

Metro in 2012

Friday, February 24th, 2012

The changes in the leading publisher of free newspapers, Metro Interntional, have already been substantial in 2012. The main change will be in ownership as main shareholder Kinnevik has made an offer for the rest of the shares of the company.

Screen shot 2012-02-23 at 11.18.47 PM

In France Metro will move to a new – smaller – format next month while it will expand distribution to 20 to 35 new cities (without increasing the total circulation). TF1, now owning all Metro shares, also promised to invest in the company.

In the Netherlands, director Silvio de Groot was succeeded by Tim Scholte, who has a background in online; indicating the direction Metro will be moving into.

Sales results from the Netherlands in January were disappointing – minus 18% – compared to 2011 but also compared to other parts of the company. Russia and Sweden did very well (right).

In Sweden, Bonnier – the traditional enemy of Metro – will start to distribute Dagens Nyheter supplement DN Stockholm for free to all households in the Swedish capital once a week. Publisher Bonnier earlier published its own free daily City in Stockhom.

In Canada, Metro has already disvested most of it shares in the English-language papers, the company is now also talking to do the same with for the only French-language edition in Montreal.

The first results for 2011 (full 12 months) are promising. Net revenue increased  from €175m to €197m while net profit was €4.7m agains €2.9m in 2010.

Accusations of insider knowledge at Metro

Tuesday, February 7th, 2012

Accoding to Danish website MediaWatch, the trade in Metro International shares was stopped last Friday because of a sudden interest in the shares, suggesting that some parties with knownledge on the Kinnevik bid bought shares beforehand.

Knnivik CEO Mia Brunell Livfors, however, denied such allegations in the Swedish financial daily Dagens Industri.