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BREAKING NEWS

Daily Mirror publisher expects 11 percent revenue rise helped by acquisitions

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Daily Mirror publisher expects 11 percent revenue rise helped by acquisitions

Daily Mirror publisher expects 11 percent revenue rise helped by acquisitions
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(Reuters) - Reach plc <RCH.L>, which publishes the Daily Mirror, said on Friday it expects revenue to rise 11 percent for the 26 weeks to July 1, boosted by its acquisition of rival tabloids the Daily Express, Daily Star and OK! magazine.

However, the company said revenue on a like for like basis, excluding Express & Star, was expected to fall 8 percent. Print revenue is expected to fall 10 percent, with publishing forecast down 8 percent and digital rising about one percent.

Reach, which formerly called Trinity Mirror, also forecast performance for the year to be in line with market expectations.

(Reporting by Arathy S Nair in Bengaluru; editing by Jason Neely)

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