amNewYork and the local edition of Metro have found their niche in the Big Apple.
The first one is profitable, with a revenue estimated to $18m-$20m and undisclosed profit. amNY is helped by its shareholder, Tribune Inc., which allows the free paper to reprint stories from Newsday and to benefit from its printing plan. Amazingly enough, the revenue is half the one generated by each of the two big free papers in Paris, 20 Minutes and Metro. Metro NY is not yet profitable, and its revenue is even smaller than amNY's, at $14m. Both survive in the context of a rather depressed New York daily press.
> story in Crain's

Print Friendly