The UK-based newspaper, The Independent has this week announced that it will be dropping the print version of its publication in favour of an online-only model.

This makes it the first UK newspaper to take the move to ditch the traditional paper format for a more modern way of delivering the news.

ESI Media say they have made this move to help sustain The Independent’s future and provide a more profitable future.

When the change is completed in the coming months it will cause job losses, with the last edition of The Independent and The Independent on Sunday papers being released on March 26th and March 20th respectively.

Evgeny Lebedev, owner of The Independent explains with the following:

The Independent has always been a pioneering newspaper with a track record of innovation. It has a proud heritage as Britain’s first truly independent national quality title. My family bought and invested heavily in The Independent because we believe in world-class quality journalism, and this move secures the future of these vitally important editorial values.

It will be interesting to see how other newspapers respond to this, and how The Independent in particular will change.

Via: TNW

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