Friday, December 18, 2009

Indy rumours of Russian sale

Yesterday it was Guardian speculation,today it's the turn of the Indy.

The FT carries a story that the Russian billionaire owner of the London Evening Standard is in advanced talks to buy the The Independent and The Independent on Sunday.

According to the report

Alexander Lebedev has held intermittent talks over the past year with publisher Independent News & Media to buy its UK national newspapers. However, plans were put on hold over the summer as INM started wrangling with its lenders about the restructuring of its €1.3bn (£1.2bn, $1.9bn) debt pile.

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