Former KGB agent-turned banker buys famed British newspapers for just $1 http://rawstory.com/2010/03/bankerexkgb-agent-buys-popular-british-newspapers-1/

Russian tycoon and ex-KGB agent Alexander Lebedev bought Britain's struggling Independent and Independent on Sunday newspapers for a token sum Thursday. Lebedev paid $1.50 for the papers, while its current owners will pay $12 million in the next 10 months to his firm Independent Print. The sale highlights the problems faced by newspapers everywhere who are struggling to attract advertising revenue and maintain circulation in the digital age.