LONDON, July 7 — Reach, publisher of UK newspapers Daily Mirror and Daily Express, plans to axe about 550 jobs as the coronavirus forces readers online and slashes advertising revenues, it said today. “Structural change in the media sector has accelerated during the pandemic and this has...
Copies of the ‘Daily Express’ and ‘Daily Mirror’ newspapers. The publisher behind the Mirror and Express newspapers has revealed a slump in advertising revenues as companies rein in spending due to the coronavirus outbreak. — PA pic via Reuters, plans to axe about 550 jobs as the coronavirus forces readers online and slashes advertising revenues, it said today.
“However, due to reduced advertising demand, we have not seen commensurate increases in digital revenue.”
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