Tech platforms must be more transparent over news, says Reach boss March 1, 2021 Tech giants such as Facebook and Google must be more transparent over how they use news content, the boss of publishing group Reach has said. The social media companies have been embroiled in controversy surrounding their control over online media after Facebook blocked access to news in Australia. Jim Mullen, who leads the publisher behind [...]
Daily Mirror owner Reach sees profit fall despite stronger second half March 1, 2021 Reach today posted a 12.8 per cent fall in profit as the newspaper publisher reported a stronger second half of the year. The firm, which owns the Mirror and the Express, said that profit fell to £133.8m, in line with expectations. An 18.9 per cent decline in print revenue over the year sent the group’s [...]
Mirror publisher Reach stock jumps on digital good news January 8, 2021 Reach stock jumped this morning on the news the business had seen impressive digital growth in Q4 2020. The Mirror publisher’s stock jumped 25 per cent this morning on the news the publisher was doing better than expected. The publisher, which owns brands including the Express and the Daily Star saw digital revenue in [...]
Mirror publisher reports 14 per cent slump in revenue as print sales plummet November 27, 2020 Daily Mirror publisher Reach has reported a 14 per cent in revenue for the five months to November, after lockdowns across the UK hammered print sales. Reach, which owns 240 regional news titles, booked a 19.6 per cent decline in print revenue for the period. The group is now consulting on proposals to permanently close [...]
Mirror publisher suspends dividend as revenue slumps during Covid-19 pandemic September 28, 2020 Mirror and Express publisher Reach has suspended its interim dividend for the six months to June, after a national lockdown during the pandemic bit into sales and hammered revenue at the newspaper owner. The results Revenue slipped 17.5 per cent to £290.8m in the six months to 28 June at the newspaper publisher, down from [...]