Russian oligarch Alexander Lebedev, majority owner of the London Evening Standard, is understood to be in advanced talks to buy The Independent and Independent on Sunday.
We hear that the deal is a long way from getting done. Seems that the Indie management has unrealistic aspirations about their own importance in any merged entity.
The old phase of 'beggars cant be choosers' springs to mind!
We have been scratching our heads trying to work out the strategic sense of this deal.
Vanity publishing aside both are ailing, both have no more costs to cut......its hard to see where the efficiencies are going to come from.
Anway Im sure the great minds behind this deal have this all figured out.