Evening Standard is sold to ex-KGB agent for £1

OK Londoners, scary-time. BBC news site has this story:

Russian ex-KGB agent Alexander Lebedev is to buy the London Evening Standard newspaper for the sum of £1.

The paper’s publisher – the Daily Mail & General Trust (DMGT) – said it had agreed to the sale of a majority interest in the paper to Mr Lebedev.

The billionaire businessman is believed to have made an offer for approximately a 76% share of the paper.

He has previously revealed that he used the paper to find out information when he was a young spy based in London.

The Evening Standard has vied with the Daily Mail for the “most odious rag in Britain” award for some time. The fact that it is out of step with so many Londoners’ views has left the good freebies (eg Metro) with a clear run. Personally, I think Metro is a far better paper that the Standard, in every way. And now the Standard has its very own Murdoch, in the shape of an ex-KGB Russian oligarch owner. Be afraid!

Full story on BBC news here.

2 Comments so far

  1. hugh on January 21st, 2009 @ 5:21 pm

    I can’t remember where I got it from, but I was under the distinct impression that Metro was owned by the Daily Mail (or by the same people who owned the Mail…)

    I’ve not read Metro quite so much since I found that one out…

  2. padster on January 21st, 2009 @ 6:06 pm

    If that’s the case, then I guess that’s an argument for the theory that the ownership of a paper doesn’t necessarily influence its editorial style.

    Let’s hope!

    Anyway – I’ve always wondered why a great city like London doesn’t have a decent newspaper. There’s the New York Times, and there’s the… Evening Standard. Hmmm.

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