The Independent newspaper will close next month, it has been announced today Friday Feb 12,2016
Owners
ESI said the newspaper will print its last edition on Saturday, March
26, 2016 with the final Independent on Sunday published days earlier on March
20,2016
Bosses have confirmed the website will continue.
The Independent, launched in 1986, will become 'the first national newspaper title to move to a digital-only future'
A
statement sent to staff by Russian tycoon owner Evgeny Lebedev, said:
'At a time when our journalism is read and respected by more people in
more places than ever before, we are embracing an exclusively digital
future
'We
faced a choice: manage the continued decline of print, or convert the
digital foundation we've built into a sustainable, profitable future
'In
choosing the latter, we will create 25 new content roles, launch a new
subscription mobile app, enhance the redesigned, thriving website, open
new editorial bureaux in Europe, the Middle East and Asia, and invest
further in our New York US operation.'
Mr
Lebedev added: 'The newspaper industry is changing, and that change is
being driven by readers. They're showing us that the future is digital.
Lebedev added: 'I regret this, but can
confirm that all those on employment contracts and long term casuals who
are being made redundant will receive two weeks' pay, subject to
conditions, for every year worked, plus your notice period.'
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