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January 15, 2008

Someone To Finally Pay For 'Metro'?

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Metro, the free Monday-Friday daily in Philadelphia and two other cities, is up for sale. Parent company Metro International -- from the evil country of Sweden -- has put its three U.S. papers (Boston and NYC are the others) on the block, reports Boston's Globe, as the U.S. editions "have been a drag on the company's earnings in recent years, losing more than $10.6 million in the past 12 months."

As you may remember, selling a newspaper is not the easiest thing in the world to do, and so who knows what will happen. Publishers at the Boston and NYC editions didn't know their papers were for sale, and maybe the idea of putting out a newspaper for young professionals actually produced by young professionals is a little too smart of an idea for the newspaper industry.

In the meantime, I'll continue to make fun of those people in the "Today's debate" section. Hey, I haven't done that in a while!

Posted by D-Mac on January 15, 2008 12:21 PM
Posted to Metro , Newspaper Industry , Reports

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Comments

except new york metro is in cities that are feeling brain drains of young professionals :P

Posted by: chrissmari at January 15, 2008 01:47 PM