The UK's Indepenent newspaper has taken the decision to cease issuing a print edition of the paper and go digital-only. 

The decision was announced on Friday by owner Evgeny Lebedev, who stated that the final edition of The Independent will be published March 26, with the final Independent on Sunday will appear on March 20th.

He described the move as "an historic transition", adding that the company is "embracing an exclusively digital future".

Explaining the decision to go digital, Lebedev said that "we faced a choice: Manage the continued decline of print, or convert the digital foundation we’ve built into a sustainable, profitable future. In choosing the latter, we will create 25 new content roles, launch a new subscription mobile App, enhance the redesigned, thriving independent.co.uk, open new editorial bureaux in Europe, the Middle East and Asia, and invest further in our New York-based U.S. operation".

Lebedev also confirmed that a number of staff will be made redundant as a result of the move, while those who have been working for the paper as "long-term casual" staff will also receive a redundancy package. 

Via Mashable