Reach plc (GB:RCH) has released an update.
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Reach plc reports a 2.5% increase in digital revenue for Q3, despite a 5% decline in page views, attributing the growth to a strong digital trading performance and an increase in data-driven revenues, which now account for 46% of digital earnings. Print revenue continues to face challenges, but the company is managing through price adjustments and promotional activities. With a focus on cost savings and ongoing strategic initiatives, Reach plc is confident in meeting its full-year financial targets.
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