Metro Int'l Puts 3 U.S. Newspapers Up for Sale

Metro International S.A., the worldwide publisher of free daily newspapers, has put its three US properties, including Metro Boston, on the auction block, according to an executive briefed on the deal.

The newspapers - Metro Boston, Metro New York, and Metro Philadelphia - have been a drag on the company's earnings in recent years, losing more than $10.6 million in the past 12 months, according to company filings. In October, Metro International said it began a strategic review of its underperforming operations. [Click for MORE]

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