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Subscription newsletters the new battleground for big tech

Greg Fleming of theBit.nz13:09, Jul 05 2021 theBit This article was first published at thebit.nz. Newsletters, like oat milk in your coffee, are very 2021, but their rise dates back to 2017 when Substack – a platform that enables writers to easily monetise their content by putting it behind a paywall – was launched. Of course, that’s exactly what most large media companies are doing with their premium content, but with Substack that payment goes directly to the writer. It’s a great wa...
New Zealand General New Zealand San Francisco United States Paul Brislen David Slack

In Canada, Overstory Media Group wants to provide cover (and salaries) for local journalists

April 15, 2021Substack and Facebook have also announced local newsletter initiatives in recent weeks. Mohamed said he and Wilkinson had a laugh at all the fanfare around the Substack Local announcement, which promised $1 million split between “up to 30” local news writers. (We wrote about the announcement, which would leave local journalists with around $30,000/year before benefits or other costs.) Overstory, meanwhile, estimates it’s investing about $500,000 into each new publication, in...
British Columbia Tyler Olsen Simran Singh Dustin Godfrey Jimmy Thomson Andrew Wilkinson

Facebook joins Substack in tossing some peanuts to local news projects

All of a sudden, platform companies are deciding that local is the place to be. Two weeks ago, Substack announced Substack Local, a program to seed $1 million worth of local news projects. It was a bit like Dr. Doom announcing he’d destroy the earth unless he was paid $1 million — the Substack initiative would only be enough to get 30 local journalists up and running. But no doubt there will be more to come if the first round proves successful. Then, earlier this week, Facebook said it woul...
Erich Ferdinand Mark Zuckerberg Substack Local எரிச் ஃபெர்டினாண்ட் குறி ஜுக்கேர்பெற்க்

Facebook Sets $5M Budget For Reporters Willing to Join its News Platform

(Photo : Pexels/Pixabay) Facebook news outlet Social media giant Facebook announced on Apr. 29 that it will give $5 million to pay local journalists in multiyear deals as part of its new publishing platform to help independent writers attract an audience and make money through the social media network. Facebook to Hire Journalists The move is part of Facebooks answer to the trend of email newsletters, led by platforms like Substack, as it focuses on reporters who are usually the lone voice cov...
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Facebook will spend $5 million paying reporters to join its local news platform

Facebook will spend $5 million paying local reporters to join its news platform Share this story Facebook says it will spend $5 million paying local journalists on a new publishing platform. Reuters reported the news on Thursday, saying independent journalists could begin applying for the program today. The company is prioritizing reporters in areas without an existing news source — sometimes called “news deserts” — who plan to cover “Black, Indigenous, Latinx, Asian or other audienc...
Substack Local Substack Pro

Substack announces a $1M initiative to fund local journalists – TechCrunch

Substack announces a $1M initiative to fund local journalists While the seemingly unending debate around Substack has focused on well-known writers with a national profile, the newsletter platform just announced that it will be supporting local (presumably non-famous) journalists through a new program. The startup described Substack Local as a $1 million initiative that will fund independent writers creating local news publications. Similar to the Substack Pro program, the company will offer ca...
Dick Tofel Zeynep Tufekci Anne Helen Petersen Rachel Larimore Daniel Lavery Substack Local

Why I'm skeptical about the new Substack Local initiative – Media Nation

I’m of two minds about Substack. As a newsletter-and-blogging platform that is attractive and simplifies the task of writers charging readers for their work, it’s fine. As a venture capital-backed company whose leaders seem to have visions of world domination (and endless riches), well, I’m more than a little skeptical. Which is to say that I’m dubious about Substack Local, a just-announced initiative under which 30 lucky local journalists will be able to get start-up funding and health...
Sarah Scire Nieman Journalism Lab Substack Local Tiny News Collective நிஎமான் பத்திரிகை ஆய்வகம் சிறியது செய்தி கூட்டு

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