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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Readly International AB (publ)    READ   SE0014855292

READLY INTERNATIONAL AB (PUBL)

(READ)
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Readly International : expands its portfolio of UK newspapers with Reach plc adding four titles

10/14/2020 | 02:01am EST

Readly (http://www.readly.com/), the European market leader in digital magazines, has expanded its portfolio of national newspapers with the addition of four UK newspapers to its platform. The Daily Express, Daily Mirror, Sunday Express and Sunday Mirror will launch on the app today as publisher Reach plc broadens its digital newspaper distribution.

The addition of four newspaper titles from Reach plc marks the continued expansion of Readly'sUK newspaper portfolio. This follows the initial launch of UK newspapers onto the platform earlier this year with The Evening Standard and The Independent.

The newspapers will be available to Readly's global audiences as part of the Readly subscription in the UK, Ireland, Australia, New Zealand, Germany, Austria, Switzerland and Sweden. The relationship will increase digital reach, ABC accreditation performance and global presence of the titles. In addition, the publisher will be able to access Readly's robust data analytics and insights as part of the partnership.

- We're delighted to expand our existing partnership with Readly so that their global subscriber base will now be able to enjoy reading the Mirror and Express newspapers via the service. The Mirror and Express titles have a huge following both within and outside of the UK and we believe that this development will further extend the reach of these much loved and renowned newspapers, bringing them to a new and appreciative  audience, says Fergus McKenna, Content Sales Director at Reach plc.

- We are thrilled to welcome four of the nation's favourite national newspapers to the portfolio. As people increasingly look for trusted news and quality journalism, newspapers are an important part of our growing inventory of content. Firstly, they improve the whole consumer offer - subscribers can get all their reading material in a single app. Secondly, dailies build frequency of usage which drives increased read times all the way through to our magazine portfolio, says Ranj Begley, UK Managing Director and Chief Content Officer at Readly. Moreover, our growing datapool of 30 billion data points gives publishers a deeper understanding of reader behavior which enables them to become more data driven in their approach to maximising readership and developing their business.

In addition to the expansion of UK newspaper titles, Readly has also welcomed back Future magazines titles Country Life, Horse & Hound, Wallpaper and Decanter onto its platform. Earlier in October this year, Aftonbladet - Sweden's largest evening newspaper, and Sportbladet, both owned by the Schibsted Media Group, also joined Readly as part of an expanded publishing collaboration. There are already six titles and weekend supplements from Aftonbladet on Readly's platform.

ENDS

For media enquiries:

Kate Tegelaars, press contact at Readly UK
+44 (0)7879 818 711, kate.tegelaars@readly.com  

Reach plc Press office
+44 (0) 20 7293 2609, communications@reachplc.com

 

About Readly
Readly is the European category leader for digital magazines. The company offers a digital subscription service, that lets customers have unlimited access to nearly 5,000 national and international magazines - all in one app and at a fixed monthly fee. Readly has subscribers in more than 50 countries and content available in 17 different languages. In collaboration with around 800 publishers worldwide, Readly is digitizing the magazine industry. In 2019, revenues amounted to SEK 265 million. Since September 2020, the Readly share is listed on Nasdaq Stockholm Midcap. https://corporate.readly.com

About Reach plc
Reach plc is the largest commercial national and regional news publisher in the UK, with over 150 national and regional multichannel brands including the Mirror, Express, Star, OK!, New!, Daily Record, Manchester Evening News, Liverpool Echo, WalesOnline, MyLondon and BelfastLive. In December 2019, Reach sold 40m newspapers and reached a digital audience of over 40M people in the UK.
www.reachplc.com

https://news.cision.com/readly/r/readly-expands-its-portfolio-of-uk-newspapers-with-reach-plc-adding-four-titles,c3215417

https://mb.cision.com/Main/18245/3215417/1318591.pdf

https://news.cision.com/readly/i/20-10-13-uk-dailies-reach-plc-surfpad,c2838164

(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
REACH PLC -1.47% 187.4 Delayed Quote.31.34%
READLY INTERNATIONAL AB (PUBL) -2.01% 71.28 Delayed Quote.4.76%
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Financials
Sales 2019 263 M 31,5 M 31,5 M
Net income 2019 -147 M -17,5 M -17,5 M
Net cash 2019 126 M 15,0 M 15,0 M
P/E ratio 2019 -
Yield 2019 -
Capitalization 2 685 M 320 M 321 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees 68
Free-Float 99,0%
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Managers and Directors
NameTitle
Maria Patricia Hedengren President & Chief Executive Officer
Bengt Patrick Svensk Chairman
Joe Armstrong Chief Operating Officer
Ranj Begley Chief Content Officer
Johan Adalberth Chief Financial Officer
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