Substack Is Having a Moment—Again. But Time Is Running Out

June 8 before Skiled and Dear ABC news was neither home name nor a political lightning rod to television journalist Terry Moran. Changed sharply when Moran was Sent x Donald Trump’s Deputy Chief of General Staff Stephen Miller followed a “world-class hater”, an addition to the president’s hater. ( post subsequently lowered.) Words, of course, have defended, and there has been violated ABC policy and became Moran stopped and then fired. Moran, made an action. On June 11, instead began to write.

Moran has joined a movement based on a dream: journalists have been able to start a bulletin and Garner subscription fee to match or exceed their previous salaries. And they will be released as the editor! Copying no editor to say good-to-saying, there is no censorship from cartridges when advertisers complain, there is no corporate gift to fire you when you say that the US president is a hater. Of course, some people really dream of. CEO Chris is the best of the best boasted recently in speech His users brought a million dollars in “more than 50”.

As he gets more journalists pushed Outside their work, they are fed with bosses or just want to breathe the cool air of freedom, now there is something that seems like a live run hatch. Many of them recently benefited. Jeff Bezos was good to replace: Washington posted the editorial page to Jennifer Rubin, who wrote the best in stopping democracy democracy Start a publication called Controlyand censored editorial post cartoon Ann Telnaes Now publish Instead of too. Old Msnbc host Mehdi Hassan began its publication. Even Chuck Todd went to the Hinde.

You may be charming to think that the trial revolution is vibrating the foundations of journalism STOPT STAR EMILY SUNDBERG These newsroom leaders must prohibit their doors to prevent further flaws anywhere. Well, it’s not so fast. The word model can work very well for several people, but it is not so easy to get a salary and adapt. The readers must pay a high price for a voice they like in a publication that they have subscribed. The width of the wisdom should be used to the idea that the width of the wisdom is limited to a small part of the boss. Is a substitute stop for writers who apply to the general audience?

Only in the last week or therefore, a cluster of critics may be in vibrating places of the platform. Eric Newcomer began when the lap of the lap of the lap of the lap of the lapse and the platform to investors Taking $ 45 million a year in income. He claimed that he was looking for a new investment tour to evaluate $ 700 million. (The substitute did not confirm these numbers.)

But then Dylan Byers It looked at these numbers and thought that the assessment of the sub-line was relatively less than in previous periods. As other critics, after several real major earnings, the platform was full of low-flying mediators: “The truth is that most of the substitute content is crazy,” he said. Its outcome was a media company that was a media company trying to evaluate as a technological company, which was a familiar failure for similar companies. (Once the string Failed in an IPO For this reason.)

Mother Marie Cox, who once received blog fame in a wonkette, even pearlsWriting in the newsletter is “unstable as a gap.” He was not impressed by the new flow of writers. “How many Terry Moran replaces?” Wrote. “Is there a public appetite for many Terry Morans for each independent Terry Moran-ing in its newsletter?”

Cox, when opening a new replacement, a registration page applies to a subscription fatigue that has a drop-down page drop. Typically, substitutes require a monthly payment of $ 5-10 or $ 50-150 per year. There are usually a lot of free content, but at least replacing part of their livelihoods, keeping the good things good for paid customers. This is a terrible value proposal compared to the subscription to full publications. Written writer Derek Thompson after leaving the Atlantic started instead This costs $ 80 during the year – it’s more than just a digital subscription to the magazine! (Atlantic will probably spend $ 300,000 To replace it with someone worth reading.) Probably 100 journalists, as there are 100 journalists, do not take many of these subscriptions and get Wordle for the opening.