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.

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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