City AM was unavailable this morning to comment on the strategy behind the application.
The paper was launched in September and has a circulation of around 70,000. It is handed out by distributors at Tube and rail stations in the City, Canary Wharf, Mayfair and City Airport as office workers arrive to begin their day.
Media buyers have questioned whether this distribution arrangement gives readers time to go through the paper before they sit down to work.
Transport for London is currently running a tender process for an evening newspaper to be distributed via tube and rail stations like Metro.
Northern & Shell and News International are among the newspaper groups interested in the opportunity and it is possible that City AM may join in.
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