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Johnston Press agrees to buy Independent's budget sister title
February 12, 2016 / 12:18 PM / in 2 years

Johnston Press agrees to buy Independent's budget sister title

Feb 12 (Reuters) - Britain’s Johnston Press Plc said on Friday it has agreed to buy “i” newspaper, the cut-price sister paper of The Independent, for 24 million pounds ($35 million).

Johnston, publisher of The Scotsman newspaper, is buying “i” from Independent Print Ltd, which is controlled by the family of Russian businessman Alexander Lebedev. ($1 = 0.6878 pounds) (Reporting by Rahul B in Bengaluru; Editing by Robin Paxton)

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