Reach Plc, the publisher of Mirror and Express newspapers, reported a decline in its financial performance for the fiscal year, with revenues down by 5.4% to £568 million. The company attributed the largest impact to its digital segment, which saw a 15% decrease due to platforms deprioritizing news and falling advertisement rates. Despite a net debt of £10.1m, CEO Jim Mullen expressed optimism about overcoming long-term uncertainties. The company is also continuing the rollout of its AI tool across 12 additional outlets. In related news, the publisher has reduced the sum set aside for phone-hacking payouts and announced sweeping job cuts following a significant drop in profits.