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Ex-KGB agent buys The Indie
25 March 2010
The protracted sale of London's The Independent newspaper was finally completed today when ex-KGB agent, Alexander Lebedev, reached terms with the struggling newspaper's owners to take control of it for a nominal sum.
Independent News & Media, the Dublin-based owners of The Independent and its Sunday sister title, had been desperate for a sale as the two newspapers have been losing more than £1m a month, according to two people familiar with its accounts.
www.ft.com
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