Thursday, May 10, 2007

Metro loses $6 million in U.S. in 2006

Metro International's annual report for 2006 is out and after you read past the kind comments incoming CEO Dennis Malamatinas (formerly head of Burger King and a Saxo Bank), you start looking at the numbers. Turn to page 30 and you'll find that Metro lost $6.7 million in the United States at three papers, Philadelphia, Boston and New York, each of which have been around for more than five years. The company's profit center remain Sweden.