Read this: Lebedevs win London local TV licence - Media - guardian.co.uk
Summary: Evgeny and Alexander Lebedev will be hoping the new London Live TV service will help their newspapers into profit. London Live was one of five bids for the licence, and the Lebedevs will be banking on their entry into the UK TV market helping to move their newspaper assets to profitability. An initial five-year plan for London Live will include annual marketing support of 5m, and it has been indicated that it could launch as soon as September. - guardian.co.ukwww.guardian.co.ukLebedevs win London local TV licence - M…
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