TORSTAR AND METRO INTERNATIONAL JOIN FORCES
By Adnews Staff
Torstar Corporation announced it will form a new company with Metro International S.A. to publish a new Toronto newspaper called Metro Today. The new daily will replace Torstar's and Metro's current free daily newspapers Today and Metro. Both publications launched last summer targeting Toronto commuters who did not read one of the city's four daily newspapers. Torstar and Metro will each hold a 50% interest in the new newspaper. Torstar will hold a 75% interest in the new publishing company. Metro Today will continue to be distributed throughout the city's transit system making its debut May 1, 2001 with an initial circulation of 180,000. Andrew Go, president of business ventures for Torstar Media Group and publisher of Today, will serve as chairman of Metro Today. Greg Lutes, publisher of Metro, will become publisher of Metro Today.