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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Quote of the Day

Paul Goodman as sagacious as ever on Arron’s entryism…

“… one must watch for former UKIP donors and a very few left-of-Party-centre MPs propping each other up, like drunks at the end of a pub crawl. It suits the former to claim the power to organise a programme of mass infiltration. It suits the latter to react by complaining about extremist entryism. The rest of us should keep a cool head.”

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