Former KGB spy Alexander Lebedev buys Independent for £1, says The Times.
The Russian billionaire also bought the London Evening Standard for £1 last year and turned it into a free newspaper to attract more readers.
That's not the lowest price ever paid. The TV Guide was sold for a dollar in 2008.
But look at the deal— Lebedev is getting more than £9 million from the Irish owners of the Independent and Independent on Sunday just for taking the money-losing newspapers off their hands.