Metro Sells U.S. Papers To Ex-CEO

Swedish newspaper publisher Metro International has agreed to sell its three U.S. papers to Seabay Media, a company founded by Pelle Törnberg, Metro’s former CEO.

Metro publishes three daily U.S. editions of its free paper, in New York, Philadelphia and Boston. The U.S. papers have a combined circulation of 590,000 daily and reach around 1.2 million readers, which Metro said is “the biggest advertising market in the world.”

Metro’s president and CEO, Per Mikael Jensen, admitted that the U.S.

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