Alexander Lebedev Agrees To Buy The Independent And The Independent On Sunday For $1.49
Russian businessman Alexander Lebedev has agreed to purchase struggling UK newspapers The Independent and The Independent on Sunday though Independent Print, a company owned by his family. Lebedev already owns the London-based The Evening Standard, which he purchased in January of 2009. Lebedev had been in talks to buy the papers for some time, and announced his plan to keep Trinity Mirror Group PLC as the papers’ publisher earlier this month.
The purchase price was 1 British pound, or about $1.49.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in