Reach reports on tumultuous year Jo Francis Monday, March 1, 2021 Media group Reach has made a near-£50m write-down in connection to the closure of two of its print sites, which also involved almost £17m in costs. The PLC has just announced its results for the 52 weeks ending 27 December 2020. Overall sales were down 14.6% at £600.2m, with print revenues down 29.5% in Q2 2020 after the first Covid-19 lockdown resulted in the closure of many newspaper sales outlets. However, Reach said that things improved in the second half of the year. “Improving circulation revenues during H2 demonstrates resilience of our print titles,” the group stated.