The new chief executive of Reach plc has struck an optimistic note in the company’s first financial update since he took over.

Trading figures for the three months to the end of March quarter showed the publisher’s overall revenues down 3.7pc compared to the same period the previous year, although digital revenues rose 1.6pc.

Chief executive Jim Mullen left at the end of the period, to be replaced by the group’s chief revenue officer Piers North.

In the quarterly update, Mr North, pictured, acknowledged the current “market uncertainty” due to US President Trump’s trade tariffs, while putting his faith in the group’s “impactful journalism.”

He said: “While I’ve been with Reach for over a decade, I’ve enjoyed spending much of the past month speaking with more people across the company and gaining a deeper understanding of our opportunities.

“We remain focused on delivering our plans, supported by impactful journalism that continues to attract a growing audience – a trend that gained momentum at the end of 2024.

“While we can’t ignore the current market uncertainty, we’re pleased with the progress we’re making and believe there’s significant opportunity ahead.

“By building on our strategy, leveraging our strong products, and reaching audiences worldwide, we’re well-positioned for the future.”

The first quarter saw print revenue decline by 5.1 year-on-year, with circulation revenue down 4pc and advertising revenue down 12.5pc.

However digital revenue grew 1.6pc over the quarter, supported by a 9pc year-on-year growth in page views.

The update stated: “We have started 2025 in line with our expectations. Whilst there are no immediate direct impacts from the recent tariff announcements we recognise the heightened levels of macroeconomic uncertainty.

“We remain on track to deliver in line with market expectations for the full year.”