London Lite on Closing!

London Lite says its considering closing. Popular British paper the London Lite said it may close in a statement today; the Lite’s losses were heavy for August at $13 million.
The London Lite deals with London news, sport and celeb reports and is owned by the Daily Mail and General Trust (DMGOa.L).
If the London Lite fails, this would be the second London freesheet to close in 60 days following News Corp’s closure of The London Paper.
Other analysts tell the FT today they believe there are chances the London Lite could merge with the Standard. Steve Auckland, manager director of Associated Newspapers (under DMGT) says “Despite reaching a large audience with an excellenet editorial format, we are concerned about the commercial viability in this highly competitive market.”
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