Métro Média will declare chapter this week, completely ending its protection of native authorities in components of the province’s two largest cities, the top of the Quebec newspaper writer mentioned Sunday.
In a publish on X, previously referred to as Twitter, CEO Andrew Mulé mentioned the choice was made after the corporate abruptly suspended operations at its greater than 30 hyper-local publications final month, together with the Journal Metro and 16 print weeklies.
“The Journal Métro as you knew it now not exists. The choice to proceed with the voluntary switch of Métro Média’s belongings has been ratified,” Mulé wrote Sunday.
In an announcement despatched to workers on Aug. 11, Mulé mentioned he’d been knowledgeable the corporate now not had the liquidity to proceed regardless of what he described as a “wholesome stability sheet.”
On Sunday, he mentioned the upcoming chapter marks a “unhappy epilogue” to his 28 months on the helm.
“I consider my groups, our readers and I really feel infinite unhappiness, a whole lot of bitterness and regrets. I additionally really feel a horrible sense of unfinished enterprise,” Mulé mentioned.
