Independent website could net Lebedevs millions in standalone sale

Digital division housed in separate company from loss-making print business which owners have been looking to sellThe Lebedevs, owners of the Independent titles, are keeping the papers' website in a separate company in a move that could allow a lucrative future sale of digital assets potentially worth millions.Andreas Whittam Smith – the recently appointed chairman of Independent Print Limited, the publishing company behind the Independent, Independent on Sunday and 20p stablemate i – has been given the task of quietly sounding out potential buyers for the loss-making titles by proprietors Alexander and Evgeny Lebedev.However, arguably the newspapers' most valuable assets – digital properties including independent.co.uk, with 28 million monthly users – are housed in a separate company, Independent Digital News and Media Limited (IDNML).IDNML has just two directors, Evgeny Lebedev, who holds a 57% stake, and Justin Byam Shaw, who controls 38%.Former London Evening Standard editor Geordie Greig – now editing the Mail on Sunday – brought in Byam Shaw, whom he referred to as a "serial entrepreneur", to help negotiate the sale of the majority stake in the Standard from owner Associated Newspapers on behalf of the Lebedevs.The ring fencing of what is understood to be profitable online assets creates more options for the Lebedevs, as any potential buyer of the Independent newspapers would have to enter a separate negotiation to secure the digital assets.This ownership structure... Continue reading at 'The Guardian'

[ The Guardian | 2014-01-22 00:00:00 UTC ]
News tagged with: #web traffic

Other news stories related to: "Independent website could net Lebedevs millions in standalone sale"

Polar Mobile Raises $6 Million For HTML5-Based Publishing Platform, MediaEverywhere

Polar Mobile, a digital media platform provider that builds apps for some of the biggest media companies, today announced it has secured an additional $6 million in funding. The new round, led by growth equity firm Georgian Partners, joins more than ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-01-23 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #today announced

Post-Christmas digital sales rocket

Publishers have reported ebook sales surging by up to 355% post-Christmas, as Nielsen BookScan... Continue reading at The Bookseller

[ The Bookseller | 2012-01-23 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #nielsen bookscan

Media Decoder: 'Hunger Games' Book Sales Bode Well for the Film

The actress Jennifer Lawrence in a scene from the movie adaptation of "The Hunger Games." Continue reading at The New York Times

[ The New York Times | 2012-01-23 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #movie adaptation #hunger games #media decoder

Viking: early book sales ‘promising’

Stationery retailer Viking has reported a “promising” start to its bookselling... Continue reading at The Bookseller

[ The Bookseller | 2012-01-17 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #promising start

Bloomsbury ebook sales up nearly 40% in final quarter of 2011

Bloomsbury had a "strong" final three months of 2011, with ebook sales growing "... Continue reading at The Bookseller

[ The Bookseller | 2012-01-16 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #final quarter

Buzz Bringing Sales to Coffee House

The editorial directorship at Coffee House Press may have changed hands only six months ago, passing from its founding publisher, Allan Kornblum, to longtime editor Chris Fischbach in July, but the 27-year-old Minneapolis literary nonprofit press certainly hasn’t lost any momentum during the... Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-01-13 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #critical acclaim #ben lerner #allan kornblum #founding publisher #months ago #changed hands #coffee house

Great sales for Dickens after TV boost

Sales of Charles Dickens' Great Expectations have rocketed thanks to the BBC's lavish... Continue reading at The Bookseller

[ The Bookseller | 2012-01-12 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #great expectations #tv boost #charles dickens

US book sales hold up, despite Borders collapse and ebook growth

Print books sales in the US fell 9% in 2011, with strong growth in digital sales appearing to... Continue reading at The Bookseller

[ The Bookseller | 2012-01-11 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #strong growth #ebook growth #borders collapse

Costa winners' sales treble

Sales of the Costa Book of the Year category winners have trebled since their victories last week... Continue reading at The Bookseller

[ The Bookseller | 2012-01-11 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #costa book #costa winners

Independent Booksellers Week set for July

Independent Booksellers Week is to take place over the first week of July, with the Booksellers... Continue reading at The Bookseller

[ The Bookseller | 2012-01-10 00:00:00 UTC ]
More news stories like this |

December retail sales up 4.1%

Print book sales have “remained tough”, hit by consumer caution and growing ebook... Continue reading at The Bookseller

[ The Bookseller | 2012-01-10 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #growing ebook

PW Picks: On Sale the Week of January 9, 2012

This week, a fistful of mystery-thrillers bump up against bios of Elizabeth II and the Obamas, as well as a fascinating memoir from the "godfather of rap." Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-01-06 00:00:00 UTC ]
More news stories like this |

B&N considers separating Nook business as device sales up 70%

Leading US book retailer Barnes & Noble has reported sales of its Nook e-reading devices... Continue reading at The Bookseller

[ The Bookseller | 2012-01-06 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #reported sales #device sales

24 Million Secondary Characters: a Q&A with Adam Johnson

The Tip Sheet asked the author of The Orphan Master's Son: A Novel of North Korea what kind of impact the death of “dear leader” Kim Jong-il will have on the nation’s oppressed citizenry. Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-01-06 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #north korea #orphan master #adam johnson