The Independent may have shed the costs of running a print newspaper since it went digital-only at the end of March. But it still has to generate enough cash to maintain its quality journalism online.
Parent ESI Media, which also owns The Evening Standard newspaper, spends around £250,000 a day ($360,000) on the Independent’s editorial operations. That figure’s set to rise, given it’s adding foreign correspondents across Europe, Asia and the Middle East, in the coming months.
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