July 7, 2020 / 6:26 AM / a month ago

British newspaper publisher Reach to cut 550 jobs

LONDON, July 7 (Reuters) - British newspaper publisher Reach said on Tuesday it would cut about 550 jobs - 12% of its workforce - after the COVID-19 pandemic hit circulation and advertising at its titles.

Reach, whose titles include the Daily Mirror and Daily Express, said second-quarter revenue declined 27.5%, with print revenue down 29.5% and digital revenue down 14.8%.

Reporting by Paul Sandle; editing by James Davey

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