London's Evening Standard to become free paper

London's Evening Standard has announced plans to scrap its 50p (C80 cents) cover price and become a free newspaper, sacrificing £12m in revenue for a wider circulation. In August the paper sold just 107,680 at the full cover price. A further 8,500 copies were sold at below the basic cover price. The Evening Standard is understood to lose more than £10m a year. Paper is 182 years old.