Reach reports on tumultuous year
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 ...