This is why newspapers will never completely collapse. Whenever another paper is on the brink of collapse there is always another very, very wealthy man prepared to invest billions to become the owner of a media empire. The same applies to failing football clubs. I guess if you have loads of money, why not. It’s more interesting than, um, giving it to charity or building new hospitals. I suppose.

“The Independent” has been bought by Russian billionaire Alexander Lebedev (a former KGB agent) for £1

He also owns The Evening Standard.

Watch this space. My prediction is that the Independent will soon be yet another free newspaper with LOADS of adverts in.

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3 Comments
  • fab feisty and fifty
    March 25, 2010

    oh bum..my favourite newspaper! shit bum fek….

  • muummmmeeeeee......
    March 26, 2010

    Damn…missed that one! I’d have probably offered a fiver…

  • Watching these generic images in 3-D – a disingenuous war against piracy that has been disguised as “immersive” and “revolutionary: – doesn’t help. What exactly is so immersive about tea cups almost hitting you in the face? At least James Cameron tried experimenting with 3-D’s depth-of-field when he made FernGully in Space. Here, the effect is so cheap and gimmicky that I kept wishing the Red Queen would cry “off with his head” and let the 3-D axe end my suffering once and for all.