Metro International S.A. ("Metro International"), the world's largest
international newspaper, announces that its two newspaper titles in
Denmark, MetroXpress and 24 Timer, will in 2009 qualify for state
press subsidy issued by the Danish Government. This is the first time
that Metro has received such financial assistance from the
Government. During 2009, the financial support is estimated to be
approximately ? 4.6 million for both titles.
The subsidy will be primarily used to re-establish the subscription
network cancelled in 2006, when the special subsidy given to Post
Danmark for distribution of newspapers was withdrawn by the Danish
Government. The subsidy will enable Metroxpress A/S to expand its
distribution network. MetroXpress will remain the most read
newspaper in Denmark and together with 24 Timer, Metroxpress A/S will
have more than one million daily readers.
Metroxpress A/S has formed a wholly owned subsidiary
(Distributionskompagniet ApS) to manage its distribution function.
Distributionskompagniet ApS will also provide distribution services
to third parties.
For further information please contact:
Per Mikael Jensen, CEO and President tel: +44 (0)20 7016 1300
Anders Kronborg, CFO tel: +44 (0)79 125 40800
***
ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest international newspaper in the world. Metro is
published in over 150 major cities in 20 countries across Europe,
North & South America and Asia. Metro has a unique global reach -
attracting a young, active, well-educated Metropolitan audience of
over 20 million daily readers. Metro's advertising sales have grown
at a compound annual rate of 38% since the launch of the first
edition in 1995.
Metro International 'A' and 'B' shares are listed on the OMX Nordic
Exchange's Nordic List under the symbols MTRO SBD A and MTRO SBD B.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
http://hugin.info/132142/R/1282837/287077.pdf
Copyright © Hugin AS 2009. All rights reserved.
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