Reach Sees Profit Growth Despite Digital Challenges

Cost-cutting measures and high-profile events boost Reach's financial performance amid a tough media landscape.

Reach's adjusted operating profit jumped 23% to £44.5 million in the first half of 2024.
Digital revenues grew for the first time since 2022, despite a 25% drop in page views.
Key events like the Euros, UK election, and Taylor Swift's tour drove content and advertising revenue.
AI integration in newsrooms improved efficiency and productivity.
Reach continues to face legal challenges and financial provisions related to historical phone hacking claims.