Hacking scandal? Inside Prince Harry’s costly legal battle over privacy Media The phone hacking scandal, which first emerged 15 years ago, has cost the owners of Britain’s most prominent newspapers over a billion pounds in legal damages, keeping law firms and the courts busy for more than a decade, writes Maria Ward-Brennan. The phone hacking saga returned to the headlines in spectacular style this week after [...]
Boss of Mirror publisher quits to join Jockey Club Media The boss of news publisher Reach has left with immediate effect for a new role at the Jockey Club, the UK’s largest commercial horseracing organisation. Jim Mullen, who has been chief executive at the owner of the Daily Mirror, Daily Express and Daily Star since 2019, is leaving by “mutual agreement”, the firm’s board said [...]
Reach: Daily Mirror and Express owner beats profit forecasts Media Reach, the owner of the Daily Mirror and the Express, beat annual profit forecasts on Tuesday as its efforts to cost cuts began to pay off. Operating profit increased six per cent to £102.3m, exceeding analysts’ forecasts of £97.4m. Earnings per share jumped 16 per cent to 25.3p even as revenue declined 5.3 per cent [...]
Reach: Print revenue falls at Mirror and Express publisher October 15, 2024 The Daily Mirror and Daily Express publisher has said it is confident it can deliver on full year forecasts, despite falling print revenue. In a trading update for its third quarter, Reach said group revenue fell 2.5 per cent year on year, and was down 4.3 per cent overall in the nine months to September. [...]
Reach: Profit picks up at Mirror publisher despite falling revenue July 31, 2024 The Euros and "effective" action on costs helped Reach successfully to shore up its bottom line despite continued dents to revenue due to falling circulations and changes to Meta's algorithm.
Reach: Mirror, Star and Express publisher warns of print and digital ad revenue drop March 5, 2024 Within the decline in revenue, it said print fell to £438.8m down two per cent, while and digital dropped a worrying 15 per cent.