Search thinkSPAIN.com for  in 
spain jobs
backprinttell a friend

End of Metro in Spain
By:
thinkSPAIN , Friday, January 30, 2009

The free daily newspaper, Metro, is no longer being published in Spain.

The Swedish owners, Metro International, which publishes the newspaper in 100 different cities spread across 21 countries, said in its press release that it 'deeply regretted the decision' to close the paper in Spain.

According to the press release, published on Metro International's webpage, the economic crisis and, in particular, the drop in advertising revenue, mean that they can no longer justify 'continuing to invest' in Spain.

The paper was launched in Spain in 2001, with editions in Madrid, Barcelona, Sevilla, Zaragoza, Alicante, Valencia and A Coruña.  The Swedish group has invested a total of 25.5 million Euros in Metro Spain.

The Valencia and Alicante editions will carry on being published as they belong to Metro News, a Valencian publishing house that has exclusive rights to Metro in the autonomous community.

Metro was the fifth most read daily newspaper, with 1.8 million readers but had 'experienced losses over the past few years' as a result of the increase in competition and the constant fall in traditional press advertising.

 
Print Share Article RSS News Feed
print tell a friend stumble it!  delicious  digg it!  facebook   rss feed View feed | Add to my RSS reader rss feed

Latest ThinkSpain News
Canary Islands host cast and crew of three major cinema productions
Leisure/Entertainment - (8/12/2016)
Youth hit by lorry whilst skateboarding down N-332 through Santa Pola
Crime/Incidents - (8/12/2016)
Champions League round-up
Sport - (8/12/2016)
 
Latest Business/Economy articles
IVA for online press and e-books to drop from 21% to 4%
Spain  - (7/12/2016)
El Corte Inglés challenges Amazon with immediate delivery service
Spain  - (6/12/2016)
Telepizza to open in UK, Iran, Malta and Saudi Arabia next year
Spain  - (1/12/2016)
 
  back
Follow thinkSPAIN on
Facebook Twitter
 
 
 
 
 
© 2003-2016 Think Web Content, S.L. - All rights reserved