—Independent sell-off?: We’ve seen several reports of a sale of Independent News and Media’s flagship Independent titles in the last six months. Now comes another, that says outgoing CEO Sir Anthony O’Reilly is is now formally looking to sell them. Times Online‘s article has no comment from the company, but in January INM did announce plans to sell off some assets, and last week reports emerged that the company had appointed a corporate-finance group Lezard to deal with various bids for the paper. Worryingly, Denis O’Brien, who owns more than a quarter of the stock, says there is only a 50-percent chance the company will re-finance a €200 million bond by the May 19 deadline (via Irishtimes.com)

SEE ALSO: Indie Publisher To Sell Some Loss-Making Businesses

—Channel M cuts: MEN Media’s local TV network Channel M is making about half of its staff redundant in cost-cutting measures, mirroring the drastic nation-wide cuts at parent group GMG Regional Media in March. PG reports that 41 out of 71 staff jobs are at risk and that the station loses about £200,000 a month. According to the report, programming is being cut back to one three-hour broadcast each day from 4pm to 7pm. MEN Media said: “Like many other publishers, MEN Media needs to reduce its costs substantially in order to become more sustainable as a business, and last month announced a number of changes, including redundancies, designed to achieve that.” Disclosure: paidContent:UK’s parent company, ContentNext, is a wholly-owned subsidiary of Guardian News and Media.

—The French Post:: Some people are still keen on newspapers: former Emap executive Nicki Wade is launching a monthly English-language newspaper for British expats living in France this summer. The French Post will be published in June by a team of former London newspaper journalists. It will be printed on The Guardian’s presses in London and will have an initial print run of 10,000. Wade is hoping the specialised service industry that has grown alongside Britons’ enthusiasm for French property will sustain the title. From Guardian.co.uk.