Metro International S.A. ("Metro"), the international newspaper group, today
announced that a free daily newspaper will be launched in Bogotá, the capital of
Colombia. The newspaper will be launched under the brand name Publimetro during
the European fall.
A joint venture company has been created together with Grupo Nacional de Medios
("GNM"), a well established player in the Colombian media market with a long
history in the newspaper business. Metro holds 51 percent of the shares in the
company, and will receive franchise fees reflecting the value of the services
provided to the joint venture.
Colombia is the 4(th) largest advertising market in Latin America, estimated by
Ibope to be worth over US$ 1 billion. 8 million people live In Bogotá, making it
the 6(th) largest city in Latin America. Publimetro will be hand delivered from
Monday to Friday at strategic locations to reach the target audience of young
affluent Metropolitans.
Per Mikael Jensen, President and CEO of Metro International commented: "I am
happy to announce the launch of yet another Latin American market. With Bogotá,
we will be present in 7 out of the 10 largest cities in Latin America -
confirming our position as the largest newspaper in the fast growing Latin
American region with over 1 million daily copies. I am also happy that we will
be able to consolidate Colombia, one of the most attractive advertising markets
in the region, into our group accounts."
For further information, please visit www.metro.lu, or contact:
Per Mikael Jensen, President and CEO Tel:
+46 8 120 570 00
Pablo Mazzei, EVP Latin America Tel:
+56 9 158 0700
Linda Fors, Head of Investor Relations Tel:
+46 704 15 95 30
***
ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest international newspaper in the world. Metro is published in
over 100 major cities in 21 countries across Europe, North & South America and
Asia. Metro has a unique global reach - attracting a young, active, well-
educated Metropolitan audience of over 17 million daily readers.
Metro International S.A. shares are listed on Nasdaq OMX Stockholm through
Swedish Depository Receipts of series A and series B under the symbols MTROA and
MTROB
[HUG#1544830]
Metro International launches in Colombia
| Source: Metro International S.A.