Metro International’s Q3 losses double
Posted by Jean Yves Chainon on October 12, 2007 at 2:39 PM
Freesheet publisher Metro International’s third quarter losses will be $18 million, double last year’s deficit. Metro will conduct an international review of its operations.
“The results for the third quarter are disappointing, and the current strategic review initiated by the board is necessary to improve the financial performance of the company,” said Dennis Malamatinas, chairman of the board.
Metro is the most widely-circulated newspaper worldwide, with editions published in more than 100 cities.
But could these disappointing results put in question the validity of freebies’ business model?
Source: Brand Republic
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Here's pretty much how I felt about the book: http://www.unboundedition.com/content/view/3137/54/