The company operated 30 hyperlocal publications, including 17 print newspapers. CEO Andrew Mulé said in a statement that the company no longer had enough liquidity to continue operating, even though it had a healthy balance sheet.

The Fédération nationale de la culture et des communications, a Quebec media union, is calling for government action to preserve local news on Montreal Island. The union has met with investors and the city of Montreal to attempt to find a solution.

Métro Média was created in 2018 when Michael Raffoul acquired 30 publications, including the daily free newspaper Métro and 29 weekly community papers — from printer Transcontinental Inc. According to the company it had 100,000 readers every week and nearly two million unique visitors a month. It distributed a total of 165,000 copies of its weekly papers each month.