Could this be the end for the Indie?

Standard

The Independent newspaper is moving from its own office to share space at the HQ of the Daily Mail.

Although INM executives are stressing that this is nothing more than a prudent financial move to reduce costs, it also reveals the extent of the titles’ financial woes. The two papers have never been profitable – losing close to £12m a year – a fact that has opened the door to the dissident shareholder Denis O’Brien, who has called for wholesale changes to the management team and the sale of the London-based titles.

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