Bad news: Reach share price sinks amid digital headache and falling print sales Markets London listed publisher Reach continued to feel the impact of declining online views and lower print circulation, as the company continues to navigate the changing media landscape. The group’s share price sank 19.5 per cent in early trading to 47.4p, bringing the stock down 13.6 per cent since January after the company suffered a sharp [...]
As it happened: Stocks rise but oil tops $95; inflation eases Markets Welcome back to the Morning Wire FTSE 100 liveblog. It’s Wednesday and new Chancellor John Healey secured an early boost after the Office for National Statistics (ONS) revealed that inflation slowed in June. Headline CPI inflation dipped from 2.8 per cent in May to 2.6 per cent in June. Grant Fitzner, chief economist at the [...]
Hacking scandal? Inside Prince Harry’s costly legal battle over privacy Media The phone hacking scandal, which first emerged 15 years ago, has cost the owners of Britain’s most prominent newspapers over a billion pounds in legal damages, keeping law firms and the courts busy for more than a decade, writes Maria Ward-Brennan. The phone hacking saga returned to the headlines in spectacular style this week after [...]
Boss of Mirror publisher quits to join Jockey Club March 31, 2025 The boss of news publisher Reach has left with immediate effect for a new role at the Jockey Club, the UK’s largest commercial horseracing organisation. Jim Mullen, who has been chief executive at the owner of the Daily Mirror, Daily Express and Daily Star since 2019, is leaving by “mutual agreement”, the firm’s board said [...]
Reach: Daily Mirror and Express owner beats profit forecasts March 4, 2025 Reach, the owner of the Daily Mirror and the Express, beat annual profit forecasts on Tuesday as its efforts to cost cuts began to pay off. Operating profit increased six per cent to £102.3m, exceeding analysts’ forecasts of £97.4m. Earnings per share jumped 16 per cent to 25.3p even as revenue declined 5.3 per cent [...]
Reach: Print revenue falls at Mirror and Express publisher October 15, 2024 The Daily Mirror and Daily Express publisher has said it is confident it can deliver on full year forecasts, despite falling print revenue. In a trading update for its third quarter, Reach said group revenue fell 2.5 per cent year on year, and was down 4.3 per cent overall in the nine months to September. [...]
Reach: Profit picks up at Mirror publisher despite falling revenue July 31, 2024 The Euros and "effective" action on costs helped Reach successfully to shore up its bottom line despite continued dents to revenue due to falling circulations and changes to Meta's algorithm.
Morning Wire announces two-year partnership with publisher Reach July 22, 2024 David Higgerson, chief digital publisher at Reach, said the partnership will help the London-listed media group to strengthen its quality business journalism offering.
Local news publisher Mill Media to come to London June 6, 2024 Regional news outlet Mill Media will use capital raised in a successful fundraising round last year to launch a London operation by the end of 2024, the publisher has said.
Facebook and ‘major platforms’ still causing headaches for Mirror publisher Reach May 2, 2024 Reach has been hit by Meta's ranking of user-generated content above news on its social media sites, including Facebook.