Revenue dipped 2% in 2023 to £4.26bn.
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Pitts will start in his new role in Q1 2025.
Reach saw a 24% decline in page views last year and a double-digit drop in digital advertising revenue as a result, but the publisher says it has a clearer picture on its financial strategy.
Sears will now oversee international sales teams across streaming, pay-TV and free-to-air broadcasters, with the goal of uniting the company’s commercial portfolio.
Total box office performance is tracking 1% higher year to date, but is likely to receive a boost from Dune: Part Two in March.
Digital buyers have noted higher effective CPMs on Android even though iOS may be the more effective mobile environment.
The Sun’s managing director on why quality is more important than quantity in the digital age and the newspaper’s plans for a big year in politics and sport.
Jack Benjamin, Ella Sagar and Nick Manning examine Warner Bros Discovery’s latest earnings, Reddit’s forthcoming IPO and why agency-client relationships at holding companies have become less transparent.
Blackett has spent nearly 29 years at the holding company and has championed greater diversity of business and talent in the media industry.
A potential lack of transparency and uncertain trust among consumers require careful media strategies.