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Johnston Press Confirmed To Be Bidding for I Newspaper
- Press Gazette, Thursday, February 11, 2016 7:24 AM
Johnston Press has confirmed it is in "late stage discussions" to buy the i newspaper for around GBP24m. According to the regional publisher, The Independent's cut-price sister title recorded an unaudited operating profit of GBP5.2m in the year to September 2015. In the year to September 2014, ESI Media said the Independent titles - The Independent, Independent on Sunday, i and Web sites -- lost GBP4.6m. This was up from a GBP22.6m loss in the year to September 2011 -- the first full year of Lebedev ownership.
