By John Glenday

Acquisition of the Express & Star stable by Reach has provided a double-digit fillip for the publisher after its revenues surged 16.2% to £723.9m – masking a like-for-like fall of 6.6% when the outsize impact of the acquisition is stripped out.

Over the course of 2018 Reach saw its adjusted operating profits beat analyst expectations, rising 16.8% to £145.6m while the pension deficit closed slightly, falling by £29m to £348.6m.

Not all figures seem to be moving in the right direction however with Reach recording a statutory operating loss of £107.6m on account of a non-cash impairment charge Read full story ›

Source: The Drum