The Week: City News - Indy owner seeks buyer

The owner of The Independent, Sir Anthony O'Reilly, is seeking to sell the title, 11 years after he first acquired the paper.

The media company is also considering a merger with another London daily publication, according to a report in The Times. The move comes at a time of significant financial turmoil for the title which, along with its Sunday sister publication, is expected to lose more than £10 million this year.