Is the Indy Up for Sale?

Greenslade thinks so. Having gutted the editorial staff and rebranded, it seems the cash strapped Lebedevs have got bored:

“The Independent is up for sale. The paper’s founder, and current chairman of its publishing company, Andreas Whittam Smith, has been authorised to seek out a buyer. The owners, Alexander Lebedev and his son, Evgeny, have been indicating for some time that they would be happy to dispose of the paper and its sister titles, i, and the Independent on Sunday. They have made various cryptic statements over the last six months about their willingness to offload loss-making papers that they see no prospect of turning into profit. Alexander Lebedev’s fortunes, based on a variety of businesses in Russia, have declined dramatically over the last couple of years.”

Don’t all rush at once.


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