Evgeny Lebedev, owner of the Standard, has pledged to provide support after the publication reported a nearly 20 million loss last year. Following a consistent decline over eight years amounting to almost 125 million in losses, the paper transitioned to a digital-first model, now known as the London Standard, while still offering a weekly print version. Additional funding is critical for operations during restructuring, with the largest shareholder expressing intentions to back the company financially. Despite increasing loans from shareholders, no formal funding agreement has been established as of yet, leaving some uncertainty regarding future stability.
Evgeny Lebedev has pledged to support the Standard financially after significant losses, aiming to sustain the newspaper through its restructuring and ensure its daily operations.
Despite losing nearly 20 million last year and a total of 125 million over eight years, the Standard is rebranding as a digital-first publication to attract more readers.
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