Reach has reported print revenue down 3.9% to £223.4m, with circulation and advertising down 5.1% and 9.9% respectively.
However, half year results for the media group - which owns the Daily Record and Scottish Business Insider, among many others - also showed digital revenue up 5.4% from £68.8m to £72.5m year-on-year. Overall revenue was down 1.6%.
Adjusted operating profit of £47.2m was down 31.5% - or £21.7m - reflecting an 'unprecedented increase' in newsprint cost, which was up by 65% on a like-for-like volume basis. Energy prices fuelled all-time high newsprint cost, with no improvement forecast during the rest of this year.
