Evgeny Lebedev’s publishing company boosted by digital and cut-price i, as Evening Standard’s free strategy also pays off.
The Independent, Independent on Sunday and 20p stablemate i slashed losses to less than £12m last year – and are on track to fall below £5m this year.
It is also good news for stablemate the London Evening Standard, which saw profits soar from £82,000 to almost £2m year on year in 2013, as the shift to a free strategy four years ago has paid off.
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