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Métro Média to declare bankruptcy as local journalism takes another hit

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MONTREAL — The head of Métro Média says the Quebec newspaper publisher will declare bankruptcy this week, permanently ending its coverage of local government in parts of the province's two largest cities. CEO Andrew Mulé said in a Sunday post on X, formerly known as Twitter, that the decision was made after the company abruptly suspended operations at its more than 30 hyperlocal publications, including the Journal Métro and 16 print weeklies. In a statement sent to employees on Aug. 11, Mulé sai

MONTREAL — The head of Métro Média says the Quebec newspaper publisher will declare bankruptcy this week, permanently ending its coverage of local government in parts of the province's two largest cities.

In a statement sent to employees on Aug. 11, Mulé said he'd been informed the company no longer had the liquidity to continue despite what he described as a healthy balance sheet.

 

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