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Metro to stop publishing in Spain

Swedish media company Metro International announced on Thursday that it was shuttering the Spanish version of its free Metro newspaper due to plummeting advertising revenue coupled with the global economic crunch.

Published: 30 January 2009 08:26 CET

“Although Metro has lost less money than free Spanish newspapers, the heightening of the economic crisis… has led to untenable losses,” Metro International CEO Per Mikael Jensen said in a statement.

Jensen added that Metro would concentrate on more lucrative markets and stressed that there was “intense competition” in Spain.

Metro is the fifth most read newspaper in Spain with 1.8 million readers.

Its closure will mean a loss of €5 to 6 million ($6.5 to 7.7 million) for the Swedish group which invested €25.5 million into its Spanish subsidiary.

Metro, which is published in 150 cities in 19 countries around the globe, is the world’s second largest newspaper in terms of distribution, claiming to reach 17 million readers a day.

BUSINESS

Google News to return to Spain after seven-year spat

Google announced Wednesday the reopening of its news service in Spain next year after the country amended a law that imposed fees on aggregators such as the US tech giant for using publishers’ content.

Published: 4 November 2021 10:15 CET
Google News to return to Spain after seven-year spat
Google argues its news site drives readers to Spanish newspaper and magazine websites and thus helps them generate advertising revenue.Photo: Kenzo TRIBOUILLARD / AFP

The service closed in Spain in December 2014 after legislation passed requiring web platforms such as Google and Facebook to pay publishers to reproduce content from other websites, including links to their articles that describe a story’s content.

But on Tuesday the Spanish government approved a European Union copyright law that allows third-party online news platforms to negotiate directly with content providers regarding fees.

This means Google no longer has to pay a fee to Spain’s entire media industry and can instead negotiate fees with individual publishers.

Writing in a company blog post on Wednesday, Google Spain country manager Fuencisla Clemares welcomed the government move and announced that as a result “Google News will soon be available once again in Spain”.

“The new copyright law allows Spanish media outlets — big and small — to make their own decisions about how their content can be discovered and how they want to make money with that content,” she added.

“Over the coming months, we will be working with publishers to reach agreements which cover their rights under the new law.”

News outlets struggling with dwindling print subscriptions have long seethed at the failure of Google particularly to pay them a cut of the millions it makes from ads displayed alongside news stories.

Google argues its news site drives readers to newspaper and magazine websites and thus helps them generate advertising revenue and find new subscribers.

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