Lebedev Hit By Huge Indy Losses

Evgeny Lebedev has suffered a huge hit to his pocket after his company announced losses of £24 million for the Independent, i and Evening Standard newspapers over the last financial year. Things were particularly bad for the Indy, which made a pre-tax loss of £18 million. Owen Jones may not get that pay rise he is lobbying after…

Total losses for Lebedev Holdings rose by 22.5% while an unnamed Indy director took home over half a million quid in his pay package – the same amount of money being haemorrhaged by Lebedev’s rags each week.

What a way to run a business…



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GuidoFawkes Quote of the Day

Mary Creagh’s coded attack on Ed Miliband…

‘I want the country to be united behind a single vision, we aren’t going to do it by sort of having a Rubik’s Cube approach to politics’. 

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