resize text: decrease text size increase text size

Online Journalism News

Metro expands news operation despite falling profits

Screenshot of Metro International website Metro International is creating a centralised 'content agency' to increase original content across its international editions.

The publisher is looking to recruit up to 12 journalists to staff the content hub, which will focus on material with a global appeal.

The plan will strengthen the publishers central editorial team beyond previous levels, Per Mikael Jensen, the company's CEO, told Journalism.co.uk.

"By the end of the year, our central editorial team will be bigger than the one we currently have. They will be working with content, but not so much news as news tends to be local. Rather they will be looking at issues that are truly global such as environment, health, beauty and celebrity," Jensen explained.

Reports of job losses in its headquarters in London's Fleet Street, which would see 14 per cent of the staff axed, are strictly non-editorial, he added.

The creation of the agency comes despite a reported 83 per cent fall in Metro's year-on-year quarterly operating earnings and weak advertising sales blamed on a depressed market.

More global content is not an attempt to cut costs locally, Jensen stressed, and plans are in place to spend on content for both audiences in the future.

"When competing in the freesheet market you need to make sure you are the paper people pick up first. To accomplish this you need quality. What we are doing is adding content that it will be difficult for our competitors to get, simply because we can offer a truly global newspaper audience. If someone like Al Gore does one interview with us, he'll reach over 23 million people, and that is hard to match," he said.

Tags (click tag to find related articles; click icon for feed):
recruitment | metro international | per mikael jensen |

Sign up here for our free, daily email newsletter to get all the latest stories, jobs, tips and more.

Got a story? Call our news team on +44 (0)1273 384290 or email them.

Comments

No comments

You must be registered in order to post a comment. Click here to register or login below if you are already registered:

    

Forgotten your password? Please click here



JOB OF THE WEEK

Content manager

Reporting to the head of communications, this exciting, newly created role will involve working closely with NFU policy teams to identify writing opportunities for various internal and external media ...more

Freelancers for hire

  • Paul Rainford

    Ryde, United Kingdom

  • Nicola Hardy

    Cheltenham, United Kingdom

  • Anna Brown

    London, United Kingdom

...see all

DISPLAY ADVERTISING

image

Target our journalism community of 16,000 subscribers and 100k+ visitors monthly. Call Ellie on 01273 384291

News Now