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Dear Jim, this may help you understand the logic of offering an ad free service to the probably 11 million plus subscribers. do not need degrees or phds just a bit of common sense. The Telegraph have sust it, whats the blockage at your end?
Prizes and you'd probably get 4 or 5 million paying a fiver, per month and the all those free shares you have will jump to £8 quid... no one lives forever so get a move on, contact the telegraph to see how its done, unless you have a massive ego;

The company expects total subscription revenues to account for more than 50pc of total revenues in 2022, up from 46pc in 2021. Blended average revenue per subscription (ARPS) for December 2021 was £175.

Operating profit pre-exceptional items increased by £6.6m (up 25pc) to £33.3m in 2021, driven by digital subscriptions, continued cost management and transformation, the company said. Earnings before interest, tax, depreciation and amortisation (Ebitda) pre-exceptional items increased by 8pc to £40.4m in 2021. Profit before tax jumped 34pc to £29.6m – a year-on year increase of £7.5m and ahead of expectations.

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In May 2021 print advertising revenue generation was outsourced to DMG Media, delivering a positive trading performance and a shift to a more variable cost model, the company said.

Nick Hugh, the chief executive of Telegraph Media Group, said: “TMG has continued its excellent progress towards our stated strategic goal; ­subscription numbers have seen substantial growth since launching in 2018. In December 2021 we exceeded the significant milestone of 720,000 subscriptions. The overall subscription number remains the key metric for TMG.

“We have continued to invest in our high quality, trusted and award-winning journalism including the successful launch of the new version of our app. As of April 2022, 240,000 subscribers use the app each day.

“Increased digital subscription revenues have been a key driver of our 25pc growth in pre-exceptional operating profit. Our partnership with DMG Media has also been profit additive. Material investment in journalism, technology platforms and digital operations will continue in 2022.”

The solution is simple put the war into the middle, start a subscription with no adverts, £5 and monthly draws for subscription payers only. Its a bl o ody red top tabloid not the FT. But sometimes the simplest ideas are too complex for highly educated company ceos. That's what WORKING class people want a bit of fun and fantasy.

Dear Jim how about an update on the pension deficit, according to the IC https://www.investorschronicle.co.uk/news/2022/05/12/ftse-350-firms-pension-deficits-shrink-to-lowest-level-in-two-years/ deficits are collapsing,.... in which case will you be bold enough to triple the dividend? Remembering the company has probably as a guess £75 millions in the bank.

It would be nice after all you've helped your self to an astronomical pay rise with a collapsing share price, well deserved????. I remember a previous owner whose name I can't remember but at least he paid an honourable dividend. Yours sincerely hungry shareholder.

Are the management drunk are they now buying back shares In the company to cancel, if not why not? I've seen quicker reacting corpses with rigga. Get a move on and earn the 4 millions you think you are worth. Or get someone in who can.

If its good enough for the 2 top directors to take rip off wages for collapse in shareholders value, they should put the cash to good use, and buy back 10% of the company for share cancellation. Starting today, and if they are awash with cash pay out a special as well. The pension deficit hasn't been declared in the last AGM but must be very close to zero. £70 million sitting there only £31 million to cancel 10%of the company, if that's not a stonking bargain, then the directors are not as bright as I thought.

No not anywhere near that, should be based on profit only or go. No uplift with a share price worth Jack bleep. The dividend is miserly, should have done a special from yesterday's date say 12p for those on the register. The pension deficit must be clear now, so no earbashing from the trustees, probably in surplus, dividend should be a third or half of eps. Sounds like daylight robbery, de ja vu but this time it's the shareholders.

https://www.reachplc.com/investors/shareholder-information/annual-general-meeting
Some interesting questions people should asking.

What a performance keeps dropping like a t u r d , with no end in sight. Hopefully the something will give ie pension deficit and what they expect from the subscription platform they have signed up to, TNI has always been battered by the stock market, even with its constant 35p a share earnings. WHY? Best to be taken over to put us shareholders out of our misery. The ludicrous pay rise should be rejected till there is solid performance improvement.

Just a matter of time as I suggested weeks ago, if only 3 million take it up £180 million to the bottom line, as they get half.
Its a no brainer, the MM yet to see it, and this income is zero extra print cost..Sit tight and wait for the increase imho

The shorters are going to be fried, well fried

Well Well Well the guardian is going to test a paywall on the app with figures making good progress in voluntary subscriptions and advertising, seems they have worked it out like future, while Reach bosses want a massive pay hike with a sp not worth Jack. And dropping. Probably 11million subscribers even if 30 or 40 % were willing to pay a pint of beer £ 5 pre month , the sp would rocket, to £6 -£8

Then they can put their heads in the pay trough with pleasure. High probability that Reach will be taken over if it doesn't come up with the goods sooner rather than later. IMHO

https://www.ft.com/content/81d361fe-fa81-4223-8321-a872168c91e3

Sounds as if someone is bent, and I don't mean lgbt either. If all is progressing why is the sp being manipulated by the markets, maybe the mirror or express can investigate this c r ap. Hopefully the Mirror will highlight the grossly iniquitous pay rise the top 2 directors are awarding themselves. Disgraceful and a collapsing sp. . Institutions should prevent this nonsense and vote against it.

Increase in shorters position from Friday, @£1.82. Anyone got opinions on this?

Digital box have worked it out, Future definitely worked it out The Times The Telegraph The Guardian, but our 2 top directors want a massive pay rise for a static share price which has lost 50% in 6 months, are we in for a bid? It's obvious that people will pay for an ad free experience.

https://pressgazette.co.uk/highest-paying-jobs-media-uk-2022/

How can they justify this massive increase when, the share price is so dismally priced, I think it should be related to performance of the business which has static profits since they took over. The big share holders ie institutions should block this till the shares and dividend are 2 or 3 times higher, its our company not any of the directors, the institutions should block this scandalous increase out the trough. We need to stop this behaviour. When he was talking about hockey stick performance was he talking about his income?

Article in today’s The Times page 47 “Digital advance drives record profits for Times newspapers”
Reach is going the same way , and very low PE leaves it wide open for a bid, by private equity or Future.
If it doesn't harness a budget price paywall ad free option.
Tata pension deficit, sell off the pensions and start sharing some of those mouthwatering eps coming very soon, top 2 directors have got some great uplift in their pay, better start looking after the long suffering share holders.

Thanks John09 for posting

It's going to be very interesting when the company announces the massive decline in the pension deficit. I really feel sorry for the big sellers 10k plus who are being shafted. It could even by year end be in a surplus, then the dividend could be adjusted to a reasonable level of 1 3rd of earnings. IMHO

Another increase in April, the deficit is disappearing as I type.
https://www.pensionsage.com/pa/Reach-DB-pension-deficit-more-than-halves-in-H1-2021.php#:~:text=Reach%20Plc%2C%20the%20publishing%20house,rate%20and%20deficit%20recovery%20contributions.

Do the MM think we are all schmucks? Hahaha

Tons of shares traded, yesterday, stake building? PE? Are #Reaches days numbered as an independent company?
No announcement yet, grossly undervalued, even with no paywall, which is being held back possibly till the co has 15 million registered. DYOR

A nice bounce now becomes an even tastier morsel, for any potential bidders, the pension deficit eradication continues at a pace. Could be miniscule by the half year. So much going for it , the MMs are waiting to drag the sp up , ferociously, as its potential will be noted, its a no brainer. And that's with still not having an ad free option of 3 -4 million paying customers. Its gonna happen, look at Future.