The Lebedev-owned Independent newspaper refused the paper version

Newspaper the Independent after the sale of the apps i announced the discontinuation of the paper version, reports with reference to newspaper owner Evgeny Lebedev The Telegraph.

The newspaper, which launched in 1986, will release the latest issue of the daily newspaper on 26 March and Sunday 20 March.

“The newspaper industry is changing, and this change happens by the will of readers. They show us that the future is in the digital business. This decision [about the discontinuation of the paper version of the newspaper] will keep the brand Independent and allow us to continue to invest in high quality content that attracts more and more readers to the online platform,” explained Lebedev.

On the eve of the Financial Times citing people familiar with the discussion of the transaction reported that the Russian billionaire Alexander Lebedev and his son Evgeny Lebedev decided to sell the newspaper i owned a Supplement to a daily British newspaper The Independent. FT reported that talks are underway about the purchase of newspaper holding company Johnston Press, which is then confirmed to Reuters this information. The transaction is valued at £24 million.

FT noted that negotiations on the sale i pass on the background of unstable situation in the British print media market that has developed due to falling advertising revenues. Lebedev is concerned about the loss of the Independent, wrote the newspaper, which since 2010 has exceeded £50 million.

Alexander Lebedev appeared in the British media market in 2009, after purchasing one of the oldest Newspapers in the country — the Evening Standard (then was renamed the London Evening Standard). In 2010 Lebedev bought The Independent, and later launched another publication — i. In 2014, British media reported that Lebedev is looking for a buyer for The Independent, but the businessman in conversation with it was denied.

He also said that all his newspaper profitable, unprofitable only persistent channel London Live launched in March 2014. “In television want to attract shareholders who would have poured £5-6 million of capital and with us would have signed up on this subject, — said Lebedev in an interview. It is promising: the channel rates are improving for many months in a row”.