StockMarketWire.com - 'Daily Mirror' and 'Daily Express' newspaper publisher Reach said its sales had fallen in the second half, though it remained confident of meeting its expectations for the full year.

Revenue during the five months ended 24 November fell 4.4% on a like-for-like basis, the company said.

The rate of decline marked an improvement on the 6.6% like-for-like fall recorded in the comparable period in 2018.

Print was down 7.3% and digital up 14.0%.

'The board remains confident that the full-year performance will meet its expectations,' Reach said.

Separately, the company also said that it was no longer in active discussions about acquiring assets from JPI Media, having announced the talks in July.

'We have made good financial and operational progress during the period, including an improved like-for-like revenue trend and a further reduction in net debt,' chief executive Jim Mullen said.

'The Reach brands continue to have real relevance at both a national and local level, as is demonstrated by our considerable audience growth.'

'We are working to complement our audience reach with a significant depth of customer insight and data that will allow us to build an intelligent, relevant and trusted content business for the long term.' Story provided by StockMarketWire.com