Hopes fade for Independent deal
LONDON - Hopes of a quick sale to secure the future of the Independent newspaper are fading as it is reported that Independent News & Media has appointed a debt adviser.
A report in the Sunday Times says that the Independent-owner has brought in debt restructuring firm North Sea Partners as it attempts to refinance a €200m (£170m) bond. The bond matures on June 26.
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The paper said that hopes that the newspaper might be bought by Russian billionaire Alexander Lebedev, who owns the Evening Standard, were increasingly distant.
Read Gordon's Republic blog post: Buying the Independent? Or not
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