Independent titles slash losses by almost a third

IndieEvgeny Lebedev’s publishing company boosted by digital and cut-price i, as Evening Standard’s free strategy also pays off.

The Independent, Independent on Sunday and 20p stablemate i slashed losses to less than £12m last year – and are on track to fall below £5m this year.

It is also good news for stablemate the London Evening Standard, which saw profits soar from £82,000 to almost £2m year on year in 2013, as the shift to a free strategy four years ago has paid off.

For the full story read The Guardian