TITLE

Metro Newspapers Sold to Former CEO

AUTHOR(S)
Marino, Jonathan
PUB. DATE
May 2009
SOURCE
Mergers & Acquisitions Report;5/18/2009, Vol. 22 Issue 20, p25
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article announces the sale of the American holdings of international newspaper group Metro International SA to Pelle Törnberg's Seabay Media Holdings. The free daily newspaper "Metro" in New York and in Philadelphia, Pennsylvania are published by Metro USA. There is a plan by Seabay to continue producing newspapers in all three markets and to remain in Metro International's global advertising packages. Per Mikael Jensen of Metro International claims that there have been several improvements in Metro USA and losses have decreased significantly.
ACCESSION #
44148396

 

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