• by Ray Schultz , September 24, 2024

Hearst UK reported a 2023 operating loss of £3.6 million versus a 2022 operating profit of £5.1 million, PressGazette reports.

The publisher of such brands as Elle, Good Housekeeping, Country Living, Women’s Health, Runner’s World, Inside Soap and Digital Spy in the U.K. says it was hit by platform algorithm changes, PressGazette says. But it is hoping for a full recovery.

Revenue fell by 8% in 2023 to £111.9 million, continuing a pattern that has existed every year since 2012 with the exception of 2021, when there was some recovery following the COVID-related decline in 2020, Charlotte Tobitt writes.