Evgeny Lebedev has confirmed that the Independent and Independent on Sunday will cease printing, with the last editions to be published in late March.
Lebedev, who also confirmed the sale of the cut-price national stablemate i to Johnston Press, did not reveal how many of the 150 full-time staff would lose their jobs. However it is thought that as many as 50% of staff could end out being made redundant.
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