This is the best summary I could come up with:

Métro Média will declare bankruptcy this week, permanently ending its coverage of local government in parts of the province’s two largest cities, the head of the Quebec newspaper publisher said Sunday.

In a post on X, formerly known as Twitter, CEO Andrew Mulé said the decision was made after the company abruptly suspended operations at its more than 30 hyper-local publications last month, including the Journal Metro and 16 print weeklies.

The decision to proceed with the voluntary transfer of Métro Média’s assets has been ratified," Mulé wrote Sunday.

In a statement sent to employees on Aug. 11, Mulé said he’d been informed the company no longer had the liquidity to continue despite what he described as a “healthy balance sheet.”

On Sunday, he said the impending bankruptcy marks a “sad epilogue” to his 28 months at the helm.

"I think of my teams, our readers and I feel infinite sadness, a lot of bitterness and regrets.

The original article contains 178 words, the summary contains 157 words. Saved 12%. I’m a bot and I’m open source!