Media

Publishing giant behind Star and Mirror titles sees turnover tumble

Reach PLC profits slumped 6.1 per cent first half of 2023 due to changes in Facebook news feed

Reach also owns the UK counterparts to the Star and Mirror titles, Cork Beo, and 130 other national and regional newspapers across the UK and Ireland. Picture: Getty

The publisher of the Irish Daily star and the Irish Mirror newspapers has recorded tumbling half-year profits as it suffered a hit to digital sales from a move by Facebook to change the way it displays news content.

Reach PLC – which also owns the UK counterparts to the Star and Mirror titles, Cork Beo, and 130 other national and regional newspapers across the UK and Ireland – saw digital revenues slump 16.1 per cent ...