Evgeny Lebedev in talks to sell London Live TV station | London Live

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height="14" fill="white" viewbox="0 0 6 14"> <path d="M4.6 12l-.4 1.4c-.7.2-1.9.6-3 .6-.7 0-1.2-.2-1.2-.9 0-.2 0-.3.1-.5l2-6.7H.7l.4-1.5 4.2-.6h.2L3 12h1.6zm-.3-9.2c-.9 0-1.4-.5-1.4-1.3C2.9.5 3.7 0 4.6 0 5.4 0 6 .5 6 1.3c0 1-.8 1.5-1.7 1.5z"></path> </svg></label><input type="checkbox" id="the-checkbox"> <div id="the-caption"> <figcaption data-spacefinder-role="inline" class="dcr-1ie0kc7"> <span class="dcr-1inf02i"> <svg width="18" height="13" viewbox="0 0 18 13"> <path d="M18 3.5v8l-1.5 1.5h-15l-1.5-1.5v-8l1.5-1.5h3.5l2-2h4l2 2h3.5l1.5 1.5zm-9 7.5c1.9 0 3.5-1.6 3.5-3.5s-1.6-3.5-3.5-3.5-3.5 1.6-3.5 3.5 1.6 3.5 3.5 3.5z"></path> </svg></span><span class="dcr-1qvd3m6">London Live says it receives approaches for the business all the time and ‘we don’t discuss private business matters publicly, so wouldn’t comment on any specific discussions’.</span> Photograph: Jeffrey Blackler/Alamy </figcaption> </div> </div> </div></span><a href="https://www-theguardian-com.translate.goog/media/2019/apr/28/evgeny-lebedev-in-talks-to-sell-london-live-tv-station?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB#img-1" data-ignore="global-link-styling" aria-hidden="true" tabindex="-1" class="open-lightbox dcr-13fd1ms"><button data-element-id="c75c82a9-863f-4cb0-942b-64e9c00e7a66" type="button" aria-haspopup="dialog" class="open-lightbox dcr-4tmywn"> <svg viewbox="-3 -3 30 30" xmlns="http://www.w3.org/2000/svg" aria-hidden="true"> <path fill-rule="evenodd" clip-rule="evenodd" d="M23 8.75V1.5l-.5-.5h-7.25v1.25l4.5.6L14 8.575 15.4 10l5.75-5.725.6 4.475zm-22 6.5v7.25l.475.5h7.25v-1.25l-4.475-.6 5.725-5.775L8.6 14l-5.775 5.725-.575-4.475z"></path> </svg><span class="dcr-194i6pr">View image in fullscreen</span></button></a> </div><span class="dcr-n4pnam"> <figcaption data-spacefinder-role="inline" class="dcr-1fujct4"> <span class="dcr-1inf02i"> <svg width="18" height="13" viewbox="0 0 18 13"> <path d="M18 3.5v8l-1.5 1.5h-15l-1.5-1.5v-8l1.5-1.5h3.5l2-2h4l2 2h3.5l1.5 1.5zm-9 7.5c1.9 0 3.5-1.6 3.5-3.5s-1.6-3.5-3.5-3.5-3.5 1.6-3.5 3.5 1.6 3.5 3.5 3.5z"></path> </svg></span><span class="dcr-1qvd3m6">London Live says it receives approaches for the business all the time and ‘we don’t discuss private business matters publicly, so wouldn’t comment on any specific discussions’.</span> Photograph: Jeffrey Blackler/Alamy </figcaption></span> </figure> </div> </div> </div> <aside style="--grid-area:title;" data-gu-name="title" class="dcr-1fnjjtg"> <div class="dcr-10355cg"> <div class="dcr-0"> <span class="dcr-1v9xu6e"></span><a href="https://www-theguardian-com.translate.goog/media/london-live?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB" data-component="section" data-link-name="article section" class="content__label__link dcr-qmfkju"><span>London Live</span></a> </div> </div> </aside> <div style="--grid-area:border;" data-gu-name="border" class="dcr-1fnjjtg"> <div class="dcr-upmzd8"></div> </div> <div style="--grid-area:headline;" data-gu-name="headline" class="dcr-1fnjjtg"> <div class="dcr-14emo0l"> <div class="dcr-cohhs3"> <div class="dcr-notra3"> <div aria-hidden="true" class="dcr-13832xi"> <svg width="11" height="11" viewbox="0 0 11 11" fill="currentColor"> <path d="M5.4 0C2.4 0 0 2.4 0 5.4s2.4 5.4 5.4 5.4 5.4-2.4 5.4-5.4S8.4 0 5.4 0zm3 6.8H4.7V1.7h.7L6 5.4l2.4.6v.8z"></path> </svg> This article is more than <strong>5 years old</strong> </div> </div> <h1 class="dcr-u0152o">Evgeny Lebedev in talks to sell London Live TV station</h1> <div class="dcr-1nvgr5i"> This article is more than 5 years old </div> </div> </div> </div> <div style="--grid-area:standfirst;" data-gu-name="standfirst" class="dcr-1fnjjtg"> <div class=" dcr-4gwv1z"> <p>Exclusive: Evening Standard owner believed to be in discussions with That’s Media</p> </div> </div> <aside style="--grid-area:meta;" data-gu-name="meta" class="dcr-1fnjjtg"> <div class="dcr-14emo0l"> <div class="dcr-ich95x"> <svg 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EDT</span></summary>Last modified on Wed 25 Sep 2024 10.58 EDT </details> </div> </div> <div data-print-layout="hide" class="dcr-9dgpdq"> <div class=" dcr-16lnb0w"> <gu-island name="ShareButton" priority="feature" deferuntil="visible" props="{"pageId":"media/2019/apr/28/evgeny-lebedev-in-talks-to-sell-london-live-tv-station","webTitle":"Evgeny Lebedev in talks to sell London Live TV station","format":{"design":0,"display":0,"theme":0},"context":"ArticleMeta"}"> <a href="mailto:?subject=Evgeny+Lebedev+in+talks+to+sell+London+Live+TV+station&body=https://www.theguardian.com/media/2019/apr/28/evgeny-lebedev-in-talks-to-sell-london-live-tv-station?CMP%3Dshare_btn_url&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB" type="button" class="dcr-bao4ku">Share <div class="src-button-space"></div> <svg viewbox="-3 -3 30 30" xmlns="http://www.w3.org/2000/svg" aria-hidden="true"> <path fill-rule="evenodd" clip-rule="evenodd" d="M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8"></path> </svg></a> </gu-island> </div> <div class=" dcr-1csot3r"> <div class="dcr-14baf59"> <div></div> </div> </div> </div> </div> </div> </div> <div class="dcr-fu29fd"> <span class="dcr-1lhv23l"> <gu-island name="ExpandableMarketingCardWrapper" priority="enhancement" deferuntil="visible" props="{"guardianBaseURL":"https://www.theguardian.com"}"></gu-island></span> </div> </aside> <div style="--grid-area:body;" data-gu-name="body" class="dcr-1upb05m"> <span class="dcr-1iz7gbk"> <gu-island name="ExpandableMarketingCardWrapper" priority="enhancement" deferuntil="idle" props="{"guardianBaseURL":"https://www.theguardian.com"}"></gu-island></span> <div class="dcr-1a4fred"> <div id="maincontent" class="dcr-1bwys2b"> <div class="article-body-commercial-selector article-body-viewer-selector dcr-1q6n3e0"> <p class="dcr-1eu361v">Russian oligarch Evgeny Lebedev, the owner of the Evening Standard and the Independent, is in talks to offload his loss-making <a href="https://www-theguardian-com.translate.goog/media/2014/jan/13/london-live-launch-31-march?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB" data-link-name="in body link">London Live TV station</a>.</p> <p class="dcr-1eu361v">Lebedev and his father, Alexander, won the <a href="https://www-theguardian-com.translate.goog/media/2013/feb/04/lebedev-london-local-tv-licence?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB" data-link-name="in body link">hotly contested battle for the licence for the capital’s first dedicated TV channel six years ago</a>, the crown jewel of the government’s plan to launch dozens of local TV channels across the UK.</p> <div id="sign-in-gate"> <gu-island name="SignInGateSelector" priority="feature" deferuntil="visible" props="{"contentType":"Article","sectionId":"media","tags":[{"id":"media/london-live","type":"Keyword","title":"London Live"},{"id":"media/evgeny-lebedev","type":"Keyword","title":"Evgeny Lebedev"},{"id":"media/london-evening-standard","type":"Keyword","title":"Evening Standard"},{"id":"media/television","type":"Keyword","title":"Television industry"},{"id":"media/media","type":"Keyword","title":"Media"},{"id":"business/business","type":"Keyword","title":"Business"},{"id":"uk/uk","type":"Keyword","title":"UK news"},{"id":"uk/london","type":"Keyword","title":"London"},{"id":"type/article","type":"Type","title":"Article"},{"id":"tone/news","type":"Tone","title":"News"},{"id":"profile/marksweney","type":"Contributor","title":"Mark 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</div> <p class="dcr-1eu361v">At the time it was seen as the most lucrative TV licence to be awarded since Channel 5 in 1997. <a href="https://www-theguardian-com.translate.goog/media/mediamonkeyblog/2014/apr/01/london-live-launch-party?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB" data-link-name="in body link">A star-studded launch party in 2014</a> counted David Cameron, former chancellor turned Standard editor George Osborne, Elizabeth Hurley, Hugh Grant, Naomi Campbell, Ralph Fiennes, Tracey Emin and Anna Friel among the attendees.</p> <p class="dcr-1eu361v">The plan was for the Evening Standard-backed TV station to help drive profitability across the Lebedevs’ media portfolio but in reality it has proved a financial blackhole. London Live, which it was <a href="https://www-theguardian-com.translate.goog/media/2015/oct/28/london-live-loss-evgeny-lebedev?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB" data-link-name="in body link">hoped would break even in 2017</a>, has never made a profit – running up losses of £30m to date, according to filings at Companies House.</p> <p class="dcr-1eu361v">It is understood that Lebedev is in talks with That’s Media, which owns licences to 20 local TV stations, including Manchester, Cambridge and Oxford, about potentially selling London Live. That’s Media has sought to build a network by taking on struggling local TV franchises, <a href="https://www-theguardian-com.translate.goog/media/2018/may/16/stv-closes-ailing-second-channel-in-shift-to-online-content?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB" data-link-name="in body link">including five from the Scottish broadcaster STV last year</a> – with Edinburgh and Glasgow among them – and <a href="https://translate.google.com/website?sl=auto&tl=en&hl=en-GB&u=https://www.edp24.co.uk/business/end-of-an-era-for-mustard-tv-as-archant-sells-channel-to-that-s-tv-group-1-5173924" data-link-name="in body link">Norwich’s Mustard TV, from the newspaper publisher Archant</a> in 2017.</p> <p class="dcr-1eu361v">Lebedev has also previously held talks with <a href="https://www-theguardian-com.translate.goog/media/2015/oct/28/trinity-mirror-local-world-deal?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB" data-link-name="in body link">David Montgomery</a>, the former chief executive of the publisher of the Daily and Sunday Mirror, who is now a director at the local TV franchise operator Made Television.</p> <figure id="6a0d0b66-2e3f-4445-b968-6cbd4db267b6" data-spacefinder-role="inline" data-spacefinder-type="model.dotcomrendering.pageElements.EmbedBlockElement" class=" dcr-173mewl"> <gu-island name="EmbedBlockComponent" priority="feature" deferuntil="visible" props="{"html":"<iframe src=\"https://www.theguardian.com/email/form/plaintone/3887\" height=\"52px\" data-form-title=\"Sign up for Business Today\" data-form-description=\"Get the headlines and editors' picks every weekday morning.\" scrolling=\"no\" seamless=\"\" frameborder=\"0\" class=\"iframed--overflow-hidden email-sub__iframe js-email-sub__iframe js-email-sub__iframe--article\" data-form-success-desc=\"Thanks for signing up\" title=\"Guardian business email sign-up\"></iframe>","caption":"Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk","isTracking":false,"isMainMedia":false,"source":"The Guardian","sourceDomain":"theguardian.com"}"> <div data-testid="embed-block" class="dcr-1vu3ut5"> <div class="dcr-p9o6z7"> Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk </div> <div> <iframe src="https://www.theguardian.com/email/form/plaintone/3887" height="52px" data-form-title="Sign up for Business Today" data-form-description="Get the headlines and editors' picks every weekday morning." scrolling="no" seamless frameborder="0" class="iframed--overflow-hidden email-sub__iframe js-email-sub__iframe js-email-sub__iframe--article" data-form-success-desc="Thanks for signing up" title="Guardian business email sign-up"></iframe> </div> </div> </gu-island> </figure> <p class="dcr-1eu361v">The value of the loss-making <a href="https://www-theguardian-com.translate.goog/media/london-live?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB" data-link-name="in body link" data-component="auto-linked-tag">London Live</a> to an existing local TV operator is unclear. However, when Archant offloaded Mustard TV to That’s Media it did so in return for a small stake in the local TV group.</p> <p class="dcr-1eu361v">A spokesperson for <a href="https://www-theguardian-com.translate.goog/uk/london?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB" data-link-name="in body link" data-component="auto-linked-tag">London</a> Live said: “Local television is a fast-evolving sector and, as a significant player in the largest UK market, we receive approaches for the business all the time. We don’t discuss private business matters publicly, so wouldn’t comment on any specific discussions.”</p> <p class="dcr-1eu361v">Lebedev first engaged with local TV rivals and some larger broadcasters <a href="https://translate.google.com/website?sl=auto&tl=en&hl=en-GB&u=https://www.thedrum.com/news/2018/05/17/newspaper-veteran-david-montgomery-believed-be-mounting-bid-london-live" data-link-name="in body link">about a sale or merger of London Live a year ago</a>.</p> <p class="dcr-1eu361v">In the five years since London Live launched it has been subject to round after round of job cuts and requests to Ofcom, which regulates local TV, to reduce its commitments to local programming and news.</p> </div> </div><gu-island name="SlotBodyEnd" priority="feature" deferuntil="visible" 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revealed","shortUrl":"https://www.theguardian.com/p/z5ey4","discussion":{"isCommentable":false,"isClosedForComments":true,"discussionId":"/p/z5ey4"},"dataLinkName":"news | group-0 | card-@10"}],"onwardsSource":"more-on-this-story","format":{"design":0,"display":0,"theme":0},"leftColSize":"compact","discussionApiUrl":"https://discussion.theguardian.com/discussion-api","absoluteServerTimes":false}"> <div data-format-theme="0" data-format-design="0" data-format-display="0" class="dcr-66nf4t"> <div data-link-name="more-on-this-story" class="dcr-d7m0at"> <section class="dcr-u6x71m"> <div class="dcr-yg4zrc"> <div> <h2 class="dcr-7wump5"><span class="dcr-1xd0zzo">More on this story</span></h2> <div style="margin-bottom:8px;"> <span aria-hidden="true" data-link-name="carousel-small-nav-dot-0" class="dcr-zxdpfk"></span><span aria-hidden="true" data-link-name="carousel-small-nav-dot-1" class="dcr-6r6u10"></span><span aria-hidden="true" data-link-name="carousel-small-nav-dot-2" 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And that tells us a lot about Britain in 2024</span></h3> </div> <footer class="dcr-1mv0cw8"> <span class="dcr-1kwfvxn"> <gu-island name="RelativeTime" priority="enhancement" deferuntil="visible" props="{"then":1726729210000,"now":1732533720000,"editionId":"US"}"> <time datetime="2024-09-19T07:00:10.000Z" data-locale="en-us" title="Thursday, September 19, 2024 at 03:00 AM Eastern Daylight Time">19 Sept 2024</time> </gu-island></span><a data-discussion-id="/p/xvfqyt" data-ignore="global-link-styling" data-link-name="Comment count" href="https://www-theguardian-com.translate.goog/commentisfree/2024/sep/19/evening-standard-london-local-paper?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB#comments" class="dcr-1y55dzj"> <gu-island name="CardCommentCount" priority="feature" deferuntil="visible" props="{"discussionApiUrl":"https://discussion.theguardian.com/discussion-api","discussionId":"/p/xvfqyt","isOnwardContent":true}"> <div class="dcr-1dpvugq"> <div class="dcr-104267p"> <svg width="16" height="16" viewbox="0 0 16 16"> <path d="M13 0l1 1v7l-1 1H7l-2 3H4V9H2L1 8V1l1-1h11z"></path> </svg> </div> <div class="dcr-1xg7t4s"> … </div> <div aria-hidden="true" class="dcr-hv8aup"> … </div><span class="dcr-194i6pr"> comments</span> </div> </gu-island></a> </footer> </div> <div style="margin-top:auto;"></div> </div> </div> <div style="padding:0 8px;"></div> </div> </div></li> <li class="dcr-1hjrzf1"> <div data-format-theme="1" data-format-design="8" data-format-display="2" class="dcr-kxtmey"> <div class="dcr-kzb4u"> <a href="https://www-theguardian-com.translate.goog/commentisfree/2024/sep/16/evening-standard-boris-johnson?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB" data-link-name="carousel-small-card-position-3" aria-label="The Evening Standard gave me a job – and unleashed Boris Johnson on the world. I’ll still miss it" class="dcr-ezvrjj"></a> <div style="background-color:var(--onward-content-card-background);gap:0;" class="dcr-6su6tq"> <div class="dcr-1shzr3u"> <picture data-size="carousel" class="dcr-1sv0ry1"> <source srcset="https://translate.google.com/website?sl=auto&tl=en&hl=en-GB&u=https://i.guim.co.uk/img/media/5020f90debd83d44469a0e065824e44d052409f6/0_0_8640_5184/master/8640.jpg?width%3D220%26dpr%3D2%26s%3Dnone%26crop%3Dnone" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"> <source srcset="https://translate.google.com/website?sl=auto&tl=en&hl=en-GB&u=https://i.guim.co.uk/img/media/5020f90debd83d44469a0e065824e44d052409f6/0_0_8640_5184/master/8640.jpg?width%3D220%26dpr%3D1%26s%3Dnone%26crop%3Dnone" media="(min-width: 320px)"> <img alt src="https://i.guim.co.uk/img/media/5020f90debd83d44469a0e065824e44d052409f6/0_0_8640_5184/master/8640.jpg?width=220&dpr=1&s=none&crop=none" loading="eager" data-chromatic="ignore" class="dcr-l300o4"> </picture> <div class="image-overlay"></div> </div> <div class="dcr-1oyocfm"> <div class="dcr-uh1jz3"> <div class="dcr-147a5s0"> <h3 class="card-headline dcr-vxekaq"> <svg viewbox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"> <path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path> </svg><span class="show-underline dcr-uyefka">The Evening Standard gave me a job – and unleashed Boris Johnson on the world. 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class="dcr-l300o4"> </picture> <div class="image-overlay"></div> </div> <div class="dcr-1oyocfm"> <div class="dcr-uh1jz3"> <div class="dcr-147a5s0"> <h3 class="card-headline dcr-vxekaq"> <svg viewbox="0 0 22 14" style="fill:var(--card-kicker-text);" class="dcr-scql1j"> <path d="M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z"></path> </svg><span class="show-underline dcr-uyefka">The Guardian view on the London press: the capital needs its own news</span></h3> </div> <footer class="dcr-1mv0cw8"> <span class="dcr-1kwfvxn"> <gu-island name="RelativeTime" priority="enhancement" deferuntil="visible" props="{"then":1717091304000,"now":1732533720000,"editionId":"US"}"> <time datetime="2024-05-30T17:48:24.000Z" data-locale="en-us" title="Thursday, May 30, 2024 at 01:48 PM Eastern Daylight Time">30 May 2024</time> </gu-island></span><a data-discussion-id="/p/qy8ny" 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Evgeny Lebedev in talks to sell London Live TV station | London Live | The Guardian