Metro Ireland and Herald AM to merge
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Thursday 2 July 2009
Associated Newspapers, the national media division of DMGT, and The Irish Times, joint owners of Metro Ireland, have agreed with Independent News and Media, owners of Herald AM, to merge the two newspapers into a single new title, Metro Herald, with each shareholder retaining one third of the merged business.
The merger is subject to the approval of the Competition Authority in Ireland.
The new free newspaper, Metro Herald, will see more than 70,000 copies distributed daily in the Greater Dublin Area.
Steve Auckland, Chairman, Metro Ireland and Managing Director of Associated Newspapers Free Division said:
'This is a great development for all three parties. This combination of two quality free daily titles ensures that despite the difficult market conditions, Dublin commuters will continue to enjoy a free daily newspaper and advertisers will benefit from access to a young, urban audience.'
Enquiries:
Peter Williams, Finance Director, DMGT 020-7938-6631
Steve Auckland, Associated Newspapers Free Division 020-7938-5346
Andrew Honnor, Tulchan Communications 020-7353-4200
Daily Mail and General Trust plc
Northcliffe House, 2 Derry Street,
London, W8 5TT
Tel 020 7938 6000
Fax 020 7938 4626
www.dmgt.co.uk
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