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Lebedev scoops The Independent

20 July 2010
Access report

After a year of speculation, Alexander Lebedev will be paid £9.25 million by Independent News & Media to take the loss-making Independent and Independent on Sunday off its hands

The new owner’s biggest challenges will be scale and positioning, reasons alone why we believe the publisher is likely to radically restructure and rethink its approach to distribution

Assuming Lebedev switches to free (at least in London), it will throw the quality newspaper market into further turmoil just as News International is preparing consumers to pay for access to The Times from June 2010

Recent reports

Sky and Max: An inevitable deal

9 December 2024

Sky UK and Warner Bros. Discovery have reached a deal for the pay-TV platform to carry WBD's Max, non-exclusively, when it launches in early 2026. The ad-supported version will be bundled at no extra charge for Sky and Now subscribers

The non-exclusive nature of the deal appears to have invigorated Sky into a restructuring of its packages, essentially unbundling Sky Atlantic for the first time

Access report

Green light for Vodafone3: Long road to the right outcome

4 December 2024

The CMA has approved the merger of Vodafone and H3G, paving the way for the UK’s largest mobile network operator.

Remedies are in place to ensure pricing stability in the short term, with the increase in sector capacity keeping the pricing side of the equation in check over the longer term, together with network quality upsides for users.

This is the right outcome in our view, with the alternative of a slow, painful retreat by H3G much less desirable for the industry. BT/EE will face the greatest challenges in adapting to the new market structure, with upward pressure on capex spend for all network operators.

Access report

UK print news regime: DCMS plans for online

5 December 2024

The proposal from DCMS to expand the pre-digital “public interest” regime that requires clearance for changes in the equity stakes in print newspapers to online news publishers lacks a firm rationale in 2024.

A plethora of online sources dilute the influence of news brands and their proprietors over British people’s political views, in particular the platforms (X, YouTube, TikTok and Facebook) hosting self-publishing influencers, politicians and political advertising.

The UK's expanded future regime, if enacted, will further chill the appetite of investors for stakes in commercial media, reduce their value and ability to raise capital, and stifle beneficial consolidation.
 

Access report