The Independent, after 30 years as a newspaper went digital-only in March 2016, simultaneously dropping all losses, growing top line revenue, and becoming profitable. ‍With the existing CEO relocating to the US to drive the US expansion, the UK were therefore seeking to appoint an experienced London-based CEO to accelerate the diversification of the company’s revenue streams; reduce its dependency on advertising revenue; improve profit margins; and target £100 million in revenue within 5 years.