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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 circulation revenues during H2 demonstrates resilience of our print titles,” the group stated. ....

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Reach reports record Q4 for digital as print circulation falls

Reach reports record Q4 for digital as print circulation falls
Richard Stuart-Turner
Friday, January 8, 2021
Reach has seen a record digital performance in Q4, but print circulation sales were down for the publisher.
Reach s digital revenue grew by 24.9% in Q4
In a trading update published today (8 January), the group said it expects its underlying operating profit for 2020 “to be ahead of market expectations”, in the range of £130m to £135m.
Its digital revenue grew by 24.9% in Q4, up from 13.4% in Q3, with the company reaching five million online customer registrations in December.
It also completed the development of Reach ID, its proprietary customer insight platform which provides a combined view of a user s activity across all Reach sites. ....

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