Reach has reported improved year-on-year revenue compared to the second quarter, driven by both print and digital.
Third quarter revenue performance was distorted by the Queen's death, which benefited circulation, but significantly reduced advertising, due to the blackout during national mourning. This lead to revenue decline of 8.1% in September.
July and August were therefore more indicative of underlying revenue performance, with print down 2.8%, while digital was up 5.9%.
