Monday, 26 January 2009

The Independent is for sale

That's the view of MediaGuardian commentator Roy Greenslade today on the back of Independent News & Media's trading statement.
He says: "Though there is no overt "for sale" sign over the Indy, it's obvious that if Alexander Lebedev - or another oligarch - came forward with a £1 coin and a willingness to lose £1m every couple of weeks or so, then INM would bite his hand off.
"Whatever INM might say to the contrary, the Indy and Sindy are in play, available to any bidder. One only has to look at the context in the rest of the statement. No dividend for 2008. No bonuses for directors. A 10% cut in directors' fees and a 10% cut in executives' salaries."

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