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Reach cuts jobs amid ad declines

Reach cuts jobs amid ad declines

Newspaper publisher Reach (RCH) is to cut 12 per cent of its workforce in a bid to save millions in costs. Structural change in the media sector has picked up pace during the coronavirus crisis, with a decline in print circulation being counterbalanced by strong demand for online products. But a fall in advertising during the pandemic means that the group “[has] not seen commensurate increases in digital revenue”.

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