Chief executive of Reach says he is committed to print, and higher online income will keep business afloatThe boss of the publisher of the Mirror, Express and Star newspapers has said that its print titles will become loss-making in six to eight years, but that its burgeoning digital strategy will save them from closure.The chief executive of Reach, which owns more than 100 news brands including the Manchester Evening News, the Birmingham Mail and the Liverpool Echo, said he intended to remain committed to print even when the operations became a drag on the business. Continue reading...
Reach, owner of the Mirror, Express, and Star newspapers, anticipates its print titles will become loss-making by 2031, but the company intends to maintain its commitment to print, supported by growing digital revenues. Declining print sales are simultaneously reducing the company's cost base. A digital-first strategy, involving job cuts in print, has led to digital income growth. The company anticipates digital revenue will eventually surpass print revenue and support the print newspapers.
