'Metro' In U.S. May Face Closure

  • October 31, 2008
Metro, a 13-year-old publishing company, distributes free papers in 150 cities around the world, including Philadelphia, Boston and New York. But the American end of the business may not survive, speculates Media Life, given the economy and the ad slowdown. Of the three U.S. papers, the New York Metro appears strongest, with a 21% growth in revenue last year. If the company isn't sold, analysts predict, it may close. Per Mikael Jensen, president and CEO of the Metro International, raised the same fear in a September interview.

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