"INDEPENDENT News & Media (INM) could close its flagship title the Independent by Christmas, according to the Irish publisher's second biggest shareholder.
Denis O'Brien told the Global Irish Economic Forum yesterday: "There's no point in us, as a company, subsidising a newspaper that really nobody wants to read. It's not a relevant newspaper any more and this newspaper's going to be closed by Christmas."
The Guardian could learn from that lesson. The BBC would be in a similar boat if we didn't have to subsidize it.
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