Media observers worry about impact of Métro Média closure on Quebec’s local democracy
MONTREAL — The abrupt closure of Quebec newspaper publisher Métro Média will end news coverage of local government in parts of the province’s two largest cities, media observers say.
Andrew Mulé, Métro Média’s president and CEO, announced the immediate suspension of operations at the company’s more than 30 hyperlocal publications — including 17 print newspapers — in a statement sent to employees, colleagues and contributors late Friday afternoon.
He said he was informed Wednesday that the company no longer had the liquidity to continue, despite what he described as a “healthy balance sheet.”
“Time was my worst enemy and what I feared has unfortunately arrived, in an abrupt and sudden manner,” he wrote.