By John Glenday

Reach (formerly known as Trinity Mirror) continues to weather a severe downturn in its regional publishing businesses, posting a statutory operating loss of £107.3m over the first half of the year, owing to a non-cash impairment charge amounting to £150m blamed on a ‘more challenging than expected outlook’.

The heavy loss came despite a 10.6% jump in group revenue to £353.8m as the publisher brings home the first fruits of its acquisition of Express & Star.

The financial fillip came in Reach’s half yearly report for the 26 weeks to 1 July, the first results to be published Read full story ›

Source: The Drum