Reach Q3 revenue falls | Student culture blog grows to 30 full-time staff
And culture brand Broadsheet marks London launch with first print edition
Good morning (just) from the team at Press Gazette on Tuesday, 14 October. Here’s our daily round-up of media news.
🎸If, like me, you have more than a passing interest in classic rock, then there is a good chance that Far Out Magazine pops up regularly in the Google Discover stories feed on your phone.
Journalists at Far Out have become masters at the ‘curiosity-gap’ headline which teases readers in (and then hopefully does not disappoint on the click-through) such as: “The single most embarrassing moment of Tom Cruise’s career” and “The movie that got John Goodman sued and denounced by the Vatican”.
It is possible to make money out of a purely ad-funded online model, he says, but “you’re going to have to work really hard”.
🦘Some three years after the closure of Time Out’s London print edition, Australian title Broadsheet has launched a new quarterly print magazine focusing on leisure and entertainment in the UK capital.
The title has a full-time team of big hitters providing daily online content and striking up brand partnerships. It claims a monthly audience of 10 million in New Zealand and Australia making money via sponsored content, banner, podcast and newsletter advertising.
Founder Nick Shelton will be hoping that London’s large Australasian population will give him a head start in terms of brand recognition and help Broadsheet emulate the success of Gumtree, the wildly successful online classified business which began life serving the same community in 2000.

📉The latest trading update from the UK’s biggest consumer news publisher, Reach, suggests revenue will be down again this year as sluggish digital growth fails to cancel out print decline.
The current Reach share price gives it a market cap of around £200m which is price-to-earnings ratio of two. Technology companies are typically worth 20 to 40 times their annual profits. A typical company might expect to have a P/E ratio of at least ten.
Given Reach appears to have closed the book on phone-hacking payouts and has predicted that annual pension fund contributions will fall from £60m last year to £15m in 2028, the shares look like a steal. Reach does not even have that much debt (£14.2m in the last annual accounts).
But falling print circulation (roughly halving every five years) remains a drag on the company’s prospects, given print still comprises 75% of revenue. Hence the current ongoing dramatic editorial shake-up aimed at cutting costs and boosting digital growth.
🗞️News In Brief
GB News now has two million subscribers on Youtube and claims to have clocked up a total of 2.4 billion views on the platform. Its interview with former Trump aide Steve Bannon has had some 6.7 million plays.Most major US newsbrands are refusing to sign the Pentagon’s new media restrictions, which The New York Times said “threatens to punish them for ordinary news gathering protected by the First Amendment”. (Axios)News Media Association warns that Government plans to scrap laws requiring alcohol licensing notices and changes to local authority governance arrangements to be published in print local newspapers will impact the public’s right to know. (News Media Association)📈Top five on Press Gazette this week:
1) Google search, AI Overviews, AI Mode and Discover designated for UK regulation
Gemini AI assistant excluded from Google search strategic market status.
2) Top 50 English-language news sites in the world: Half report MoM traffic growth in September
Some 26 of the top 50 biggest English-language news websites saw visits grow in September compared to August 2025.
3) Top 50 news websites in the US in September: BBC and NBC News among big winners
The BBC and NBC News saw the most traffic growth among the ten biggest news websites in the US in September.
4) Most leading UK news websites fell down Google rankings in 2025
June core update is one of biggest recent algorithm adjustments.
5) How Politico is using text messages to boost engagement on Capitol Hill
Everything from layoff plans to news that coffee shops will remain open in Government shutdown is good for text.
📻Latest podcast
The race to video with Goalhanger’s Jack Davenport
Whatever medium publishers started out on, many are now racing towards Youtube and other online video platforms as the fastest growing source of both audience and revenue.
Goalhanger co-founder Jack Davenport joined Press Gazette editor Dominic Ponsford to discuss this phenomenon alongside consultant Connie Krarup of Q5 Partners.
He revealed how the producer of hit shows such as The Rest Is History and The Rest Is Politics now sees itself as a video production company more than an audio producer.
Davenport also spoke about Goalhanger’s commercial model, which includes strong incentives for hosts, and shared his tips for other publishers who want to succeed in an increasingly video-dominated media age.
This edition was sponsored by Q5 Partners.





The biblical god does exist only in the imagination of believers. The theory of evolution has already debunked the bible and the christian god, yet many christians ignore the truth. Many of them deceive themselves.
Source: Scientific American
We wanted to examine the anatomy of such an animal in detail and thus decided to focus on one of the few modern-day animals in this group: the lamprey, an eel-like fish with a funnel-shaped mouth built for sucking rather than biting. It turns out that this fish, too, has a camera-style eye complete with a lens, an iris and eye muscles. The lamprey’s retina even has a three-layered structure like ours, and its photoreceptor cells closely resemble our cones, although it has apparently not evolved the more sensitive rods. Furthermore, the genes that govern many aspects of light detection, neural processing and eye development are the same ones that direct these processes in jawed vertebrates.
These striking similarities to the eye of jawed vertebrates are far too numerous to have arisen independently. Instead an eye essentially identical to our own must have been present in the common ancestor of the jawless and jawed vertebrates 500 million years ago. At this point, my colleagues and I could not help but wonder whether we could trace the origin of the eye and its photoreceptors back even further. Unfortunately, there are no living representatives of lineages that split off from our line in the preceding 50 million years, the next logical slice of time to study. But we found clues in the eye of an enigmatic beast called the hagfish.
Source: talk origins
In technical phylogenetic jargon, primitive characters are called plesiomorphies, and derived characters are called apomorphies. In cladistics, related species are grouped together because they share derived characters (i.e., apomorphies) that originated in a common ancestor of the group, but were not present in other, earlier ancestors of the group. These shared, derived features are called synapomorphies. Primitive and derived are therefore relative terms, depending upon the specific group being considered. For example, backbones are primitive characters of vertebrates, while hair is a derived character particular to mammalian vertebrates. However, when considering mammals only, hair is primitive, whereas an opposable thumb is derived.
In real-life phylogenetic analyses, shared derived characters may be in conflict with other derived characters. Thus, objective methods are required for resolving this character conflict (Kitching et al. 1998, Ch. 1; Maddison and Maddison 1992, p. 49). For instance, wings are a derived character of birds and of bats. Based upon this character alone, the cladistic method would group bats and birds together, which is how the author of Deuteronomy grouped them in the Biblical quote above. However, other shared derived characters indicate that bats should be grouped with wingless mammals, and that birds should be grouped with wingless dinosaurs.
In the past 40 years, several algorithmic methods have been devised to resolve such instances of character conflict and to infer correct phylogenetic trees (Felsenstein 2004, Ch. 10). The following sections outline some of the most successful of these methods. Each method attempts to infer a phylogeny from existing data, and each has its respective strengths and weaknesses. Years of empirical testing and simulation have shown that, in general, these different algorithms, each with very different underlying assumptions, converge on trees that are highly similar when judged statistically (Li 1997, Chs 5 and 6; Nei and Kumar 2000, Chs 6, 7, and 8).