Online performance boosts newspaper publisher's profit expectations
Newspaper publisher Reach expects to outperform expectations this year after it did better than first thought in its online and print publications. Online publications have been the stand-out performer for the publisher of the Daily Mirror and Daily Express, as people have been stuck at home for the past year. They continued strongly, with digital revenue soaring 35% in the four months to late April, Reach said on Thursday. Print revenue, which has suffered during lockdown, dropped 10.4% and print circulation fell 7.9%. Overall, it led to a 3.1% drop in overall revenue. This means that Reach ...