Lebedev is reportedly poised to take a controlling 76% stake of the struggling title, while the
Evening Standard‘s parent group Daily Mail & General Trust retains a 24% share.
His son Evgeny, who lives in London, is due to sign the deal with DMGT executives, led by DMGT chairman Rothemere.
Lebedev has promised a hands-off approach, confirming that he plans to leave the editorial decisions to the paper’s editor-in-chief and journalists.
However, a number of executives have argued that the paper’s editorial direction will inevitably change, as it will no longer be under the influence of its sister title, the Daily Mail.
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