Telegraaf takes over free newspaper Metro

Wednesday 29 August 2012

The Telegraaf Media Group is taking over Metro Holland, which publishes the free daily paper Metro, as part of its strategy to strengthen its leading role in print publications.

Financial details were not disclosed but Metro, with a print run of 434,000, will become part of the TMG stable from September.

TMG already owns freesheet Spits and will now have the Netherlands two free newspapers in its hand. The publisher says the two papers will reach a combined 2.3 million readers a day.

TMG says it is studying possible cost reductions by combining the printing and distribution of both papers. This will lead to job losses, the publisher of the Netherland’s biggest daily paper, the Telegraaf, said.

Metro, a Swedish company by origin, is currently selling its European newspaper titles to focus on the South American growth market, the Volkskrant said.

© DutchNews.nl