Saturday, September 19, 2009

The Independent about to close?

Good riddance is my first reaction.

Terrible newspaper. And responsible for some of the most outrageously over-the-top environmental scare stories ever produced by a supposedly serious newspaper.

Guess what though? This has disproved yet another prediction by a "scientific" model  (Scroll down to the graphs at the end.)


Independent News & Media (INME.I) 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.


Posted via email from Garth's posterous

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