{"id":32173,"date":"2026-07-22T07:42:34","date_gmt":"2026-07-22T07:42:34","guid":{"rendered":"https:\/\/microvibenews.com\/?p=32173"},"modified":"2026-07-22T07:42:34","modified_gmt":"2026-07-22T07:42:34","slug":"reach-focuses-on-costs-as-profit-and-revenue-fall-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=32173","title":{"rendered":"Reach focuses on costs as profit and revenue fall \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2019\/07\/Record-and-Express.png\" alt=\"Record and Express\" class=\"wp-image-77589 lazyload\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"841\" height=\"599\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2019\/07\/Record-and-Express.png\" alt=\"Record and Express\" class=\"wp-image-77589 lazyload\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2019\/07\/Record-and-Express.png 841w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2019\/07\/Record-and-Express-600x427.png 600w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2019\/07\/Record-and-Express-300x214.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2019\/07\/Record-and-Express-768x547.png 768w\" sizes=\"(max-width: 841px) 100vw, 841px\"\/><figcaption class=\"wp-element-caption\"><em>Reach titles include the Daily Record and Daily Express<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">Reach, publisher of the <em>Daily Record, Daily Mirror <\/em>and<em> Daily Express<\/em>, posted a decline in profits and revenue as it imposes more cost cutting.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Revenue fell across the business as the management team seeks to shift the focus on to subscriptions and more video content.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Adjusted operating profit for the six months to the end of June fell by \u00a31.8m to \u00a343m, with an improved adjusted operating margin of 18.5%. Income was down 9% to \u00a3232.9m.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The company reported a 10.3% fall in adjusted operating costs due to disciplined cost management and restructuring efforts, leading to an improved adjusted operating margin of 18.5%.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Print revenue declined 8.3% to \u00a3178.0m (H125: \u00a3194.1m). Key constituents include print circulation \u00a3134.7m (H125: \u00a3144.3m) and print advertising \u00a324.6m (H125: \u00a327.7m), both outperforming the 22% decline in circulation volumes.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Despite a 11.4% decline in digital revenue, driven by lower referral volumes, direct digital revenues grew by 6% excluding local advertising. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The company generated \u00a348.8 million in adjusted operating cash flow and maintained a leverage of 0.4x net debt to EBITDA, while announcing a rebased interim dividend of 1.44 pence per share. Reach said it remains on track to meet market expectations for the full year.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cWe are on track to deliver on market expectations for the year and remain confident in our ability to navigate uncertainty. We will maintain financial discipline and strategic focus through this period, until our pension deficit payments are due to end in 2028.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cGuided by our strategic priorities, we are building a stronger business by investing in digital subscriptions and video, securing greater independence from referral traffic. Our future will be less about volume and more about original content, distinctive brands and securing better returns.\u201d<\/p>\n<p class=\"wp-block-paragraph\">more follows<\/p>\n<p><!-- Simple Share Buttons Adder (8.6.0) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Reach #focuses #costs #profit #revenue #fall #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reach titles include the Daily&hellip; <\/p>\n","protected":false},"author":1,"featured_media":13969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[266,1372,265,14932,163,18750,1125,9639,2754],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/32173"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32173"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/32173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/13969"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}