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The Evening Standard will end its daily print edition, shifting to a weekly format due to declining circulation and the impact of remote work and increased Underground wifi.
Rich Mead, the interim managing director of the London freesheet newspaper, is said to be stepping down from the role, Sky News understands.
Russian-born peer Evgeny Lebedev has supplied the ailing Evening Standard with extra funding as losses at the London freesheet widened.
The London freesheet posted its sixth consecutive year without profits
Newspaper suffered a 37pc plunge in revenue during the pandemic, filings reveal