Investor Relations
Corporate Governance
Metro International S.A. is a Luxembourg limited-liability company
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METRO CEASES PUBLICATION OF EVERYDAY
13 March 2001
The international expansion is reflected in the announcement earlier today of a partnership agreement in Toronto between Metro and its competitor, Torstar's Today title. Metro and Torstar will jointly publish and distribute 180,000 copies of Metro Today from 1 May 2001. Metro editions have also been launched in Montreal, Canada and Barcelona, Spain, in the last two weeks.
Pelle Törnberg, President and CEO of Metro International S.A., commented: "We are committed to our aggressive international expansion, as we have demonstrated with our two most recent launches. This expansion, as well as the development of Metro in Sweden and our 15 other editions is our primary focus. Everyday has fulfilled our expectations in terms of readership growth, but advertisers remain to be convinced and we prefer to focus our efforts on the Metro free morning newspaper business, which continues to grow strongly."
The last edition of Everyday, launched in Stockholm last August, was distributed in Stockholm today.
Metro International was demerged from Modern Times Group MTG AB in August 2000. A and B shares in Metro were distributed to MTG shareholders and are listed on the NASDAQ National Market and the OM Stockholm Exchange O List (symbols: MTROA and MTROB).
For further information please visit www.metro.lu, email info@sharedvalue.net or contact: Pelle Törnberg, President & CEO tel: +44 (0) 20 7408 0230Matthew Hooper, Investor enquiries tel: +44 (0) 20 7321 5010Bert Willborg, Media enquiries tel: +46 (0) 707 27 70 22