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Publisher Reach hails ‘encouraging’ digital growth after pandemic hit

first_img James Warrington The London-listed group, which owns the Mirror and Express as well as a number of regional titles, said its digital revenue grew by more than a third in the four months to 25 April. whatsapp Thursday 6 May 2021 9:22 am However, total print revenue fell 10.4 per cent and circulation was down 7.9 per cent. As a result total group revenue for the period fell 3.1 per cent. It comes after the group, which owns the Manchester Evening News and the Liverpool Echo, axed 550 jobs and suffered a sharp fall in revenue and profit last year. Reach said its customer engagement had continued to grow, while the company is investing in data and analytics in a bid to increase revenue per user. Reach suffered a sharp fall in revenue and profit last year due to the pandemic (Getty Images) Also Read: Mirror publisher Reach hails ‘encouraging’ digital growth after pandemic hit Reach said the figures were flattered by soft comparatives at the same time last year, when the UK was plunged into its first coronavirus lockdown. Reach has set out a transformation plan as it looks to shift its focus to digital content amid a steady decline in print revenue — a trend that has been accelerated by the pandemic. “With digital now accounting for more of our advertising revenues than print and growing strongly, we are well placed to make further progress during 2021.” Reach suffered a sharp fall in revenue and profit last year due to the pandemic (Getty Images) Also Read: Mirror publisher Reach hails ‘encouraging’ digital growth after pandemic hit “We have had a positive start to the year and are seeing the benefits of last year’s transformation programme,” said chief executive Jim Millen. But it said underlying momentum had been “encouraging”, particularly in the group’s digital offering. whatsapp In March City A.M. revealed the publisher will shutter office space and make most of its employees permanent home workers. Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Mirror publisher Reach hails ‘encouraging’ digital growth after pandemic hit The company said it increased the number of registered users to 6.2m, up from 5.8m at the beginning of March, adding that it was on track to hit its target of 10m by 2022. Reach suffered a sharp fall in revenue and profit last year due to the pandemic (Getty Images) Share Newspaper publisher Reach today reported first-quarter trading ahead of expectations after its circulation and advertising revenue was battered by the Covid-19 pandemic. Shares in Reach were up just under 0.5 per cent in early trading. Reach will close its Lower Thames Street office in central London and reduce its office space in Canary Wharf from two floors to one. Tags: Reachlast_img read more