Mirror owner’s profits fall by nearly a third as newsprint costs soar

Reach, which also publishes the Star and the Express titles, says Ukraine war has affected advertising

The rising cost of paper has dented profits at the publishing company Reach, which owns titles including the Mirror, the Express and dozens of local newspapers.

Physical newsprint costs have risen by 65% on a like-for-like basis over the last year, forcing the company to reduce the number of pages in its newspapers, increase cover prices and send fewer newspapers to shops.