Publishers of the London Evening Standard newspaper, the Daily Mail and General Trust (DMGT), have agreed to sell a majority share in the historic tabloid to Russian billionaire Alexander Lebedev. DMGT will retain a minority share of around 25 per cent in the new firm, which will be called Evening Standard Ltd. Lebedev has assured readers that he strongly supports a free press and has no intention of interfering with editorial policy. The takeover is expected to take place in February after consultations with Evening Standard employees. The Standard has been in financial difficulty recently with loss in advertising revenue and fierce competition from the numerous free newspapers now available in London.

SHARE
Wanted in Europe
Wanted in Europe
Wanted in Europe, part of the Wanted Worldwide network, is a website in English for expatriates in Europe established in 2006. We cover Europe's news stories that may be of interest to English speaking residents along with tourists as well. Our publication also offers classifieds, photos, information on events, museums, churches, galleries, exhibits, fashion, food, and local travel.
80761
Previous article Buy local Jersey products
Next article Oxford offers solar power incentives.