Metro Boston is a daily newspaper in Boston, Massachusetts, USA covering local news, sports, business, jobs, and community events. The newspaper is published five days a week, Monday through Friday. Launched in May 2001, Metro Boston is a free newspaper (a "freesheet") published in tabloid format. It offers local news and information for Boston and the surrounding metropolitan area, and is targeted to commuters. Metro newspapers, which are available in major cities around the world, were created by a Swedish company called Metro International. This newspaper is owned by Seabay Media Holdings LLC. The web site is presented in the English language.
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Eric Kallgren Boulder, Colorado USA | Posted at 3:21pm on Monday, May 11th, 2009 | Metro International is selling its Metro newspapers in the USA, although they will continue to use the Metro brand name, the company announced on May 11, 2009.
Metro International, the international newspaper group, and Seabay Media Holdings LLC ("Seabay Media"), a company formed and controlled by Pelle Törnberg, the former CEO of Metro International, today announced that they have signed an agreement whereby Seabay Media will acquire Metro International's operations in the United States. The transaction is expected to be completed by June 1st 2009.
Metro USA publishes the free daily newspaper Metro in New York and Philadelphia. Metro is also published in Boston through a partnership with the Boston Globe. The three newspapers have a combined circulation of 590,000 daily copies in the US.
Seabay Media will continue to publish Metro in all three markets under a service and license agreement with Metro International. The newspapers will also remain in Metro International's global advertising packages.
Pelle Törnberg, founder and CEO of Seabay Media commented: "We are excited and look forward to continuing the business after completion and to further develop Metro in the United States."
Metro will will record a $2m (£1.3m) loss from the sale.
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