“I am particularly proud of our teams who worked so tirelessly over recent weeks to produce such comprehensive, respectful, and sensitive coverage of the Queen's passing, a truly once in a generation event.” It rose by 5.9% in July and August, but declined by 8.1% in September was due to the industry-wide reduction in advertising spend, with multiple brands deferring or cancelling scheduled campaigns during the period of national mourning.ĬEO Jim Mullen commented: “We have made further good strategic progress as we continue to deliver quality content to a growing and increasingly engaged digital audience. The group’s newsprint bill in the first half of the year ballooned by 54% to £38.8m, and it cut paginations and print runs as part of measures to try and mitigate the increase.ĭigital revenue for the period was up 1.1%. Reach also reported more stability in the cost of newsprint during the period. “This upside was more than offset by an associated reduction in print advertising, which was down by 17% in July and August, but 32.2% in September.” Newspaper circulation in September was up 4.3% reflecting the one-off uplift, with sales at The Express and The Mirror up by around 30% on the day following the Queen's death, and on the day after her funeral. Reach said that Q3 and September revenue performance was “distorted by impact of the passing of HM The Queen which benefited circulation but significantly reduced advertising due to the blackout during national mourning”. In a trading update for the three months to 25 September the media group separated out the September figures due to the impact of the Monarch’s passing.
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