Times: Zac Goldsmith mulled bid for Independent

Conservative parliamentary candidate Zac Goldsmith came close to buying The Independent this summer, according to The Times.

According to The Times the Independent “is under such financial pressure” that it is considering all options.

Goldsmith’s family owns The Ecologist magazine.

The Times reports that the Indy is expected to lose £10m this year and will announce major editorial cuts this week.

Earlier this month The Times predicted that the Independent titles would lose up to £28m this year.

And James Robinson, writing in The Observer, suggested that DMGT might buy the Independent titles for £1.

In September The Independent raised its cover price to a £1 – making it the most expensive national title bar the FT – in a move which suggested drastic action was needed to offset drops in advertising.

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