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...Times of London, some insiders believe the Independent might go the other way and start giving the paper away for free - the strategy adopted by the Evening Standard after Lebedev purchased it. Rivals have estimated that the move could cost Lebedev about $45 million a year in sales revenue - but it could also boost advertising if it increases readership. In an interview with the Times of London in January, Lebedev was ambiguous: "Let's assume we make the Indy free. You'd affect seriously the business models of other newspapers, and frankly, that's a very important reason...
...pence in order to undercut the competition. This strategy is certainly more realistic. Lebedev can afford to take the financial risk, having made a fortune through the $668 million sale of his stake in Aeroflot, the Russian airline, and other businesses in his native country earlier this year...
...model fails to convince Brock, who argues that a price cut works only as part of a long-term strategic plan. When the Times of London cut its prices in the early 1990s to undercut its rivals, the move made sense only as part of a "seven or eight"-year plan, he says. Circulation did increase, and eventually the newspaper was able to raise its prices again. (Read "From Soviet Agent to London Newspaper Proprietor...
...press and the potential for new media to undermine his control. On Feb. 25, an Italian court dismissed the case against a lawyer who had been found guilty of taking bribes from Berlusconi. The court made no ruling on the evidence - it simply closed the case because the 10-year statute of limitations had expired. But when RAI's flagship channel reported the news during its lunchtime broadcast, the presenter announced that the lawyer had been "acquitted" of the charges. Until recently, the comment would have gone unchallenged. This time, however, the clip went viral on Facebook. A group...
...proposed reforms have widened the rift between Chaudhry and the government that has grown since the Chief Justice last year struck down amnesty decrees by Musharraf that protected many senior figures in government - including Zardari himself once out of office - from prosecution on corruption charges. And some saw the Chief Justice's hand in the eleventh-hour stalling of parliamentary debate on the package on Friday by opposition leader Nawaz Sharif, who objected to proposals on the selection of judges. Sharif's opposition, some senior politicians suggest, results from being pressured by Chaudhry, who is allegedly opposed to having...