A sad day. Even if, perhaps, an inevitable one. I worked night shifts on the foreign desk at the Indy (being hired by the late Nick Ashford, a lovely man) in 1988/1989 before joining the FT. It was my first exposure to Fleet Street and I remember fondly the great pride of the staff and the fun at what was effectively still a startup (it launched in 1986).
Best of luck to everyone affected today. Feels like the real end of a chapter.