Evening Standard to be a free newspaper

Just saw this from the BBC news website; the London Evening Standard is to become a free newspaper.

Alexander Lebedev, the Russian billionaire who bought the paper from the Daily Mail for £1 also owns the Russian newspaper Novaya Gazeta along with former President of the Soviet Union, Mikhail Gorbachev, and is vocal in his criticism of the current Russian Government.

This from the BBC:

The Standard, which is 75.1% owned by Mr Lebedev and 24.9% owned by Associated, has been a paid-for product for more than 180 years.

Mr Lebedev said that the Standard was “the first leading quality newspaper to go free”.

“I am sure others will follow,” he added.

The paper’s editor Geordie Greig, installed after Mr Lebedev bought control of the paper, described the move as an “historic moment and great opportunity”.

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