LONDON—Daily Mirror owner Reach said on Tuesday it would cut about 550 jobs, or 12 percent of its workforce, after the COVID-19 pandemic hit circulation and advertising at its national and regional newspapers in Britain.
Reach, whose titles also include the Daily Express and a stable of regional newspapers, said second-quarter revenue declined 27.5 percent, with print revenue down 29.5 percent and digital revenue down 14.8 percent.
