Metro International sells Morning News title in Newcastle
Metro International sells Morning News title in Newcastle Metro International S.A. (MTROA / MTROB) (Metro International) has today announced that its 'Morning News' title in Newcastle has been sold to Newcastle Chronicle and journal Ltd, a subsiduary of the UK publisher Trinity Mirror Group. As a result of the sale Metro is ceasing its operations in Newcastle. Metro International has launched 11 new editions of its freely distributed advertsing based newspaper during 2000 in Europe and North- and South- America. Pelle Törnberg, CEO of Metro International S.A., commented, "the Metro concept is focused on launching and operating Metro editions in major cities around the world and then expanding into satelite cities in the same countries. We intend to continue our aggressive expansion in both new and existing markets." Morning News was launched in Newcastle in January 2000 and has always been the smallest edition by circulation and readership. The agreement with Newcastle Chronicle and Journal Ltd is subject to regulatory approval in accordance with the UK Fair Trading Act. Metro International S.A. publishes and distributes free daily newspapers, comprising 18 editions in 14 countries: Stockholm (Metro and Everyday), Gothenburg (Metro), Malmö (Metro), Helsinki (Metro), Prague (Metro), Budapest (Metro), the Netherlands (Metro), Newcastle (Morning News), Zurich (Metropol), Santiago (MTG), Rome (Metro), Philadelphia (Metro), Toronto (Metro), Buenos Aires (Metro), Milan (Metro), Warsaw (Metropol), and Athens (Metrorama). Metro International S.A. A and B shares are listed on the Stockholms Börsinformation (SBI) and on the Nasdaq National Market under the symbols MTROA and MTROB. For further details, please visit www.clubmetro.com, send e-mail to info@sharedvalue.net or contact: Pelle Törnberg - President & CEO, Metro International +44 (0) 20 7408 0230 Matthew Hooper - Investor Relations, Metro International +44 (0) 7768 440 414 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/12/22/20001222BIT01390/bit0001.doc http://www.bit.se/bitonline/2000/12/22/20001222BIT01390/bit0002.pdf