Newspaper group reports slump in print and digital ads in recent World Cup, Black Friday and Christmas season

The publisher of the Mirror and the Express is to cut 200 roles in a £30m cost-cutting drive, after advertisers failed to spend heavily through the World Cup, Black Friday and Christmas season.

Reach, which also owns hundreds of regional titles including the Manchester Evening News, Birmingham Mail and Liverpool Echo, reported a slump of 20.2% in print advertising and 5.9% in digital ads in the traditionally strong fourth quarter.

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