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PRESS: Lebedevs Set To Sell 'i' Newspaper To Johnston Press - The FT
LONDON (Alliance News) - Russian millionaires Alexander and Evgeny Lebedev are set to sell the 'i' newspaper for around GBP24 million, with Johnston Press PLC close to a deal to buy the title, according to a report from the Financial Times, citing people familiar with the discussions.
The Lebedevs, who also own the Evening Standard and the London Live television station, launched the 'i' in 2010 as a spin-off from the Independent newspaper.
The move will trigger speculation as to whether the Lebedevs might be exiting the British media industry.
http://www.ft.com/cms/s/0/3013cc80-d053-11e5-831d-09f7778e7377.html?ftcamp=crm/email//nbe/UKBusiness/product#axzz3zq3TPYE0
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Latest JPR News
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19 Oct 2018 - Johnston Press puts itself up for sale
11 Oct 2018 - Debt-Laden Scotsman Publisher Johnston Press Puts Itself Up For Sale
11 Oct 2018 - WINNERS & LOSERS SUMMARY: Johnston Press Drops 20% On Revenue Decline
29 Aug 2018 - Johnston Press revenue dented by Google and Facebook changes
29 Aug 2018 - Alex Salmond Dropped From Johnston Press Takeover Plans
27 Jul 2018
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