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Sat 12 Dec 2009INM in talks with Russian tycoon on sale of London titles
INDEPENDENT NEWS & Media (INM) confirmed yesterday that it has entered talks with wealthy Russian businessman Alexander Lebedev about the sale of its loss-making London newspaper titles.
It is understood that no consideration is likely to be paid for the Independentand the Independent on Sunday. But the deal will include a provision that will involve the London papers providing free copy to INM’s newspapers around the world.
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