Torstar Corporation

CanWest MediaWorks Publications Inc.

CanWest MediaWorks Publications Inc.
Metro International S.A.

Metro International S.A.

March 14, 2005 03:01 ET

Torstar, CanWest And Metro Form Joint Venture And Launch Metro Vancouver


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TORSTAR CORPORATION

TSX SYMBOL: TS.NV.B

AND CANWEST MEDIAWORKS

TSX SYMBOL: CGS.SV
TSX SYMBOL: CGS.NV
NYSE SYMBOL: CWG

AND METRO INTERNATIONAL S.A.

MARCH 14, 2005 - 03:01 ET

Torstar, CanWest And Metro Form Joint Venture And
Launch Metro Vancouver

TORONTO, ONTARIO--(CCNMatthews - March 14, 2005) - Torstar Corporation
(TSX:TS.NV.B), CanWest MediaWorks (TSX:CGS.SV)(TSX:CGS.NV)(NYSE:CWG) and
Metro International S.A. today announced the formation of a new joint
venture to publish English-language free daily newspapers in various
Canadian cities. Each company will have a 33.3% interest in the new
venture.

The new venture will commence with today's launch of Metro Vancouver.
The free daily is specifically designed to capture top news items in a
fast and easy-to-read format for commuters. Metro Vancouver will be
distributed free of charge through street samplers and 2,500 boxes
situated in high-traffic locations including transit stops, university
campuses and highly populated business districts. Initial daily
distribution for the Greater Vancouver Area will be 145,000, with plans
to increase circulation to 160,000. To date, Metro in Canada (including
Metro Toronto and Metro Montreal) boasts a weekly readership of
1,295,000, and continues to show double-digit growth each year.

Pelle Tornberg, President and CEO of Metro International SA, commented:
"This new joint venture between 'first class' media companies in Canada
is an exciting opportunity to leverage the global Metro brand in this
important market and to enhance our strong position in Northern America.
Vancouver is a vibrant and dynamic city with a strong youth-oriented and
professional population which makes it a perfect addition to the Metro
family."

"We are delighted to extend our current relationship with Metro
International to include CanWest as we launch our free daily newspaper,
Metro, in Vancouver," said Robert Prichard, President and CEO of Torstar
Corporation, which has a 50% interest in Metro Toronto. "Together, we
will deliver an exciting alternative for readers, building on the
success we have had in Toronto. We also expect our new partnership will
launch new editions of Metro in other Canadian cities in the months and
years ahead. By combining the resources and skills of our three
companies, we will add a new voice in Vancouver and provide an important
new vehicle to advertisers."

Rick Camilleri, President of CanWest MediaWorks, which has an equal
share of the joint venture, said "Metro is a natural complement to the
CanWest MediaWorks portfolio of assets, especially in Vancouver, a city
that will undoubtedly embrace the Metro concept and product. We're
excited about creating this unique joint venture with Torstar, one of
the leading newspaper publishers in Canada, and with Metro, which in a
very short period of time has created a leading international newspaper
brand."

The unique format of the Metro publication and its extensive reach
delivers a new generation of premium audience to advertisers. A majority
of Metro's readership is between the ages of 18 to 49. More than half of
Metro readers have a combined household income of over $50,000.
Advertising sales for Metro International have grown at a compounded
annual rate of 47% since the launch of the first edition in 1995.

Metro Vancouver is the third Metro publication to be launched in Canada,
and follows on the heels of the highly successful Metro editions in
Toronto and Montreal.

About Torstar:

Torstar Corporation is a broadly based media company listed on the
Toronto Stock Exchange (TS.nv.b). Its businesses include newspapers led
by the Toronto Star, Canada's largest daily newspaper; CityMedia Group,
publishers of daily and community newspapers in Southwestern Ontario;
Metroland Printing, Publishing & Distributing, publishers of more than
60 community newspapers in Southern Ontario; and Harlequin Enterprises,
a leading global publisher of women's fiction.

About CanWest MediaWorks:

CanWest MediaWorks is a division of CanWest Global Communications Corp.
(NYSE: CWG; TSX: CGS.SV and CGS.NV, www.CanWestglobal.com). CanWest, an
international media company, is Canada's largest media company. In
addition to owning the Global Television Network, CanWest is Canada's
largest publisher of daily newspapers and also owns, operates and/or
holds substantial interests in conventional television, out-of-home
advertising, specialty cable channels, Web sites and radio networks in
New Zealand, Australia and Ireland.

About Metro:

Metro Vancouver is part of the Metro International group. In Canada
Metro also publishes Metro Toronto and Metro Montreal (a French
version). Metro is the largest and fastest growing international
newspaper in the world. Thirty-five Metro editions are published in more
than 100 cities in 17 countries in 16 languages across Europe, North &
South America and Asia. Metro has a unique global reach -- attracting a
young, active, well-educated audience of more than 15 million daily
readers and over 33 million weekly readers. Metro has an equal number of
male and female readers and 70% are under the age of 45.

Metro International S.A. 'A' and 'B' shares are listed on the
Stockholmsborsen 'O-List' under the symbols MTROA and MTROB. For further
information, please visit www.metro.lu

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Torstar Contact:
    Robert J. Steacy
    Executive Vice-President & CFO
    Torstar Corporation
    (416) 869-4031
    or
    CanWest Contact:
    Michael Williams
    President
    CanWest MediaWorks Publications
    (416) 383-2442
    mwilliams@canwest.com
    or
    Metro International Contacts:
    Pelle Tornberg
    President & CEO
    +44 (0) 20 7016 1300
    or
    Henrik Persson
    Corporate Communications
    +46 (0) 8 562 000 87
    info@metro.lu
    or
    Metro Vancouver Media Contact:
    Kathryn Boothby
    (905) 465-3541
    kboothby1@cogeco.ca