Reach Plc engages in publishing newspapers and magazines. It operates through the following segments: Publishing, Printing, Specialist Digital, and Central. The Publishing segment publishes paid for national titles and paid for and free regional titles and operates a portfolio of related digital products. The Printing segment provides printing services to the publishing segment and to third parties. The Specialist Digital segment offers digital classified verticals and digital marketing services businesses. The Central segment includes revenue and costs not allocated to the operational divisions and its share of results of associates. The company was founded in September 1999 and is headquartered in London, the United Kingdom.
Reach PLC stock price
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About Reach PLC
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Reach PLC dividends
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In an announcement on Monday, Reach plc (LON: RCH) said that digital advertising showed evident signs of recovery in the fiscal third quarter. Consequently, it said that its revenue in Q3 posted an annualised decline of only 15% as compared to a much broader 27.5% decline in revenue in the prior quarter (Q2). Shares of the company were reported just under 20% up in premarket trading on Monday. At 76 pence a share, Reach plc is now 45% down year t...
Reach plc (LON: RCH) expressed plans of slashing its workforce by 12% or 550 jobs on Tuesday. The company attributed its decision to COVID-19 that weighed on its regional and national newspapers and curbed circulation and advertising. Reach’s competitor, News Corp UK, also expressed plans of slashing its workforce in June. CEO Rebekah Brooks of the Times publisher said that it was time to make difficult decisions to secure the future of the compa...
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