Posted on 09/21/2009 2:31:22 PM PDT by lentulusgracchus
Independent News & Media is likely to close its flagship London title The Independent by Christmas, the publishing group's second biggest shareholder Denis O'Brien said on Friday.
"There's no point in us as a company subsidising a newspaper that really nobody wants to read in the United Kingdom," O'Brien told Bloomberg TV in an interview on the sidelines of the Global Irish Economic Forum.
"It's not a relevant newspaper anymore and this newspaper's going to be closed by Christmas,"said O'Brien, who has been at odds with the company's board over plans to refinance a 200-million-euro debt issue that was meant to be paid in May.
(Excerpt) Read more at reuters.com ...
Via Cambridge Conference Net Newsletter.
Cool, maybe that green discovery channel will go belly-up soon.
But before doing that, the Discovery Channel should give independence to all the other channels they own, including Animal Planet.
What is wrong with the people over there?
I used to fantasize of living in England but now I am having second thoughts, but am glad I live in he u.s (despite what the Dumbo is doing) :(
Huh? The Independent is no great loss. It had declining readership for a reason.
Im talking generally everything about Britain how they are depriving themselves for a non-existent problem, I know that newspaper isn’t a great loss but their mindset is very worrisome.
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