Jeremy Warner: Someone still loves the print
Thursday 22 January 2009
Outlook OK, so I've a vested interest, but a warm welcome to Britain's latest newspaper proprietor, Alexander Lebedev. Mr Lebedev is buying London's Evening Standard not just because he likes newspapers, but because he has a commercial plan for the title which rightly or wrongly he thinks will work. Substantial new investment is planned. We'll see, I guess, but anyone prepared to back the future of the print with hard money when even some of its most long-serving editors write it off as a busted and increasingly irrelevant business model must be good news.
National newspapers are bought and loved by their owners for all kinds of reasons, and sometimes the overtly commercial comes quite a long way down the list. In that sense, newspapers are not businesses in the conventional sense at all, but more like institutions. Mr Lebedev seems to have grasped this point in a way that grey- suited accountants never can.
- 1 Cyclist in Russia narrowly misses being hit by car and lorry
- 2 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 3 What are your fingerprint words?
- 5 Pink Floyd new album: Band unveil cover art for first record in 20 years
Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Slough train station deaths: Woman and child killed after being 'pushed in front of train'
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
Jennifer Lawrence: Leaked 4Chan sex video branded 'fake' by users
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
Labour Party conference: Ed Balls to set out plan to freeze child benefit to balance books
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...