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The Evening Standard has announced plans to shutter its daily print newspaper and replace it with a weekly edition as the London free sheet struggles with losses and changes to commuter habits.
A memo to staff at the business, which is co-owned by Russia-born businessman Lord Evgeny Lebedev, said it planned to consult on the launch of a weekly newspaper that would “replace the daily publication”.
It said shorter commuting weeks and widespread WiFi on routes made “evolution a prerequisite of viability” and added “the substantial losses accruing from the current operations are not sustainable”.
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