Overview

• Revenue in the six months to June dropped 3.4% to £256m, driven by a 4.8% fall in print sales despite a 1.8% rise in digital.
• CEO Piers North outlined a growth plan centered on revenue diversification, tech and AI acceleration, and deeper audience engagement.
• Subscription trials are slated for late 2025 with a full rollout planned in 2026, while most news will remain free.
• A target to cut operating costs by 4–5% this year has put 104 jobs at risk as part of ongoing efficiency measures.
• Investments in a central content hub, video and podcast studios and in-house AI tools aim to boost productivity and revenue.