ESI Media has also confirmed that it will sell the i newspaper to Johnston Press, subject to Johnston Press shareholder approval.
In a statement, Evgeny Lebedev, the owner of the Independent said:
“The newspaper industry is changing, and that change is being driven by readers. They’re showing us that the future is digital. This decision preserves the Independent brand and allows us to continue to invest in the high quality editorial content that is attracting more and more readers to our online platforms.”
The Independent’s last paper edition is expected to be on Saturday 26th March and the last Independent on Sunday is expected to be on the 20th March.