Ad Sales put Pressure on Metro Newspaper Group

23 April 2008

LUXEMBOURG: Free newspaper giant Metro International is feeling the global economic pinchwith a 6.1% fall in total net sales during the first quarter to €73.4 million ($117m; £58.8m).

The company, which publishes in more than 100 cities across the world, reported a Q1 operating loss of €5.6m, 36% smaller than the year earlier period.

Commented ceo Per Mikael Jensen: "Difficult market conditions, especially in Spain, Denmark and the US put pressure on ad volumes and prices, but tough actions on costs are helping to mitigate the impact of the economic downturn being experienced in some markets."

Data sourced from Wall Street Journal Online; additional content by WARC staff