..and how many more titles will follow?
To quote the Indy's largest shareholder:
"There's no point in us as a company subsidising a newspaper that really nobody wants to read in the United Kingdom,"
I am not surprised in the least. Journalism within the broadsheet industry has become a lost art. These days, they rely on press releases for their information. There is precious little investigation involved. (Note the recent false story in the Indy about the Arctic NE Passage.) The only notable exception in recent times has been the Telegraph with their expenses scandal scoop, but that was only because they were offered, and paid for, the CD with the incriminatory data.
http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSLI32052720090918?sp=trueMy guess is that The Guardian will be the next to face problems.
Strangely, the survivors will be the tabloids. Although the least "cultured", they all share an eagerness to chase stories like bloodhounds (e.g. the Daily Mail over the Baroness Scotland affair).
At the end of the day, though, free news on the web may mean that even the days of the tabloids are numbered.
Strange days ahead, methinks!
