The Independent is a British online newspaper that was established in 1986 as a national morning printed paper. Nicknamed the Indy, it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was published on Saturday 26 March 2016, leaving only the online edition.It tends to take a pro-market stance on economic issues. The newspaper was controlled by Tony O'Reilly's Irish Independent News & Media from 1997 until it was sold to the Russian oligarch and former KGB Officer Alexander Lebedev in 2010. In 2017, a Saudi Arabian investor bought a 30% stake in it.In June 2015, the newspaper had an average daily circulation of just below 58,000, 85% down from its 1990 peak, while the Sunday edition had a circulation of just over 97,000. The daily edition was named National Newspaper of the Year at the 2004 British Press Awards. The website and mobile app have a combined monthly reach of 22,939,000.