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Reach keeps margins on national newspapers

The publisher sent a letter to stores stating it is a 'challeng­ing time for the trade' but passed on its thanks to 'retail colleagues for all the support'

Shareholders blamed for Reach plc margin cuts

Reach has been praised for maintaining retail margins during its latest cover-price increases across several national newspapers.

The publisher sent a letter to stores last week, stating it is a “challeng­ing time for the trade”, but passed on its thanks to “retail colleagues for all the support”.

It confirmed that, from 8 May, in the UK (excluding Scotland), the Daily Mirror’s Monday-to-Friday edition would in­crease by 10p to £1.30, and 10p in Scotland to £1.40. The Saturday Mirror will go up from £1.90 to £2, and the Sunday edition up by the same amount to £2.30.

Across the UK, Monday-to-Friday editions of the Daily Express will go up by 10p to £1.30, while the Saturday edition will rise by 10p to £1.85, and the Sunday edition will rise by the same amount to £2.30.

The Monday-to-Friday editions of the Daily Star will go up by 5p to 85p, with the Saturday edition increasing by 10p to £1.40, and the Sunday edition also up by 10p to £1.70. All margins have been maintained.

The Fed’s head of news, Brian Murphy, told Better Retailing: “The Fed acknowledge that Reach have listened to our recent criticisms of them, and that this is our standard expectation of all suppliers when they implement cover-price increases.”

Read more news and advice about the newspaper and magazines category and click here for the latest ABC circulation figures

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