13-05-2025
Should you invest in Reach right now?
Have Reach shares fallen far enough? After all, it is the UK's largest national and regional newspaper publisher, running the Daily Mirror, Daily Express, Daily Record and Daily Star as well as 120 national and regional titles and having 44 million website visitors every month. It also owns the Manchester Evening News and OK! magazine.
Yet the group has had a torrid time since the shares hit 417p in August 2021 as digital revenues began to flow and cost savings came through, enabling a return to dividends.
The shares then tumbled under the impact of higher newsprint costs and digital competition. This column thought they had plunged far enough three years ago, recommending a buy at 145p, but the price continued down to 71p last
