Portugal to get free daily

Magazine publisher Cofina SGPS says it will invest $2.7 milllion (U.S.) to launch a free daily in Lisbon, Portugal that will start June 6, according to a report by Thompson Financial, citing an anonymous source at the media group. The paper will be called "Meia Hora" and will have a press run of 100,000 a day with a page count of 24-32 pages in ful color. It will compete with paid dailies Publico and Diario de Noticias.