2 months after the London Paper closed and barely a month after the Evening standard went to free circulation London Lite is planning to shut down its activities. With a circulation of 600.000 (from 250.000) the Evening Standard is distributed in the same afternoon timeslot. This only leaves the free paper Metro which gets published in the mornings
Here are a number of sources:
The free newspaper, which is owned by Associated Newspapers, is set to become the latest victim of the recession, with 36 jobs at risk.
Associated Newspapers set to axe London Lite – Brand Republic News – Brand Republic
brandrepublic.com | October 27, 2009
Quote: The move follows the London Evening Standard, which is 24.9 per cent owned by Associated and 75.1 per cent owned by Russian oligarch Alexander Lebedev, going free earlier this month.
FT.com / Media – DMGT’s London Lite faces closure
Financial Times | October 27, 2009
Quote: Steve Auckland, managing director at Associated Newspapers, a subsidiary of DMGT, said: “The latest development in the London afternoon free newspaper space dictates that we look again at the future of London Lite.