Deals
U.K.'s Independent Newspapers to Stop Printing and Move to Web
- Independent newspaper to publish final print edition March 26
- Russian businessman Alexander Lebedev bought paper in 2010
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The U.K.’s Independent newspaper will move online and cease print publication late next month, following the sale of its tabloid sister “i” to Johnston Press Plc for 24 million pounds ($34.9 million) on Friday.
Russian ex-KGB officer Alexander Lebedev bought the Independent and the Independent on Sunday newspapers for 1 pound in 2010, after snapping up the London Evening Standard a year earlier. He handed ownership of the newspapers to his son, Evgeny, who also runs the TV station London Live.