British newspaper publisher Reach to cut 550 jobs

LONDON (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)