Reach plc is the largest commercial national and regional news publisher in the UK, producing and distributing content through newspapers, magazines and digital platforms.
Our portfolio includes influential and iconic brands such as the Daily Mirror, Sunday Mirror, Sunday People, Daily Express, Sunday Express, Daily Star, Daily Star Sunday, Daily Record, Sunday Mail, market leading brands in key metropolitan markets across the country and paid-for celebrity brands: OK! and New!.
Thanks to our editorial conviction and high standards of journalism, our brands have a long heritage of being trusted sources of news and information providing audiences with timely information and opinion across multiple platforms.
Our strategic objective remains to deliver sustainable growth in revenue, profit and cash flow.
The Group’s revenue streams are from print and digital activities. Although print related revenue is expected to remain under pressure in the future, the strength of our expansive portfolio, aided by our ability to provide advertisers with unique national and regional packages, provides confidence that the rate of decline is manageable. Within print, more stable circulation revenues represent an increasing percentage. Over time, continued focus on driving our digital audience together with new revenues streams, both organic and acquired, will deliver revenue growth to offset the decline in print.
The Group owns most of its print plants and printing presses, and a number of its key offices outside London. The information technology and infrastructure is hosted by a third party and the Group has data centres in key locations. The unencumbered printing assets provide flexibility to secure contract printing revenue as spare capacity is created through falling volumes or to retire capacity thereby reducing infrastructure costs. The freehold property assets provide potential disposal opportunities and at the same time also reduce infrastructure costs.