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Profits plunge at Reach

The publisher has blamed Facebook for a decline in digital page views
July 25, 2023
  • On track to hit full-year targets
  • Positive share price reaction 

Shares in the UK’s biggest commercial news publisher Reach (RCH) jumped by almost 20 per cent in the wake of its full-year results. Investors were reassured that full-year profits would likely be in line with expectations, and pleased that print circulation revenue had grown. 

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