BREAKING FIRST ON MEDIA GUIDO:

A memo has just gone out to Indy and Standard staff:

• The Indy and Sunday editorial will be completely merged.
• The Sindy editor John Mullin is a goner.
• The Standard and Independent to move to the same floor.
• A TV studio will be built in the shared newsroom.
• Chris Blackhurst in charge of 7-day operation.
• Redundancies expected. The Standard is making money, the Indy isn’t.

Developing…

UPDATE:

Standard staff are jittery. One source tells Guido:

“The Standard’s staff – editorial, commercial and management – have turned things around against all expectations in the last few years and don’t want to lose their jobs to save the hugely loss-making Indy. There’s excitement about the TV stuff, but no one really knows what it will mean.”