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Subscription newsletters the new battleground for big tech - Vimarsana News

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 way for writers with a high profile to directly connect with a paying audience, a welcome development ...

Northern publisher wins share of $1million Substack grant - Vimarsana News

Northern publisher wins share of $1million Substack grant

The publisher behind 3 titles in the North of England has been awarded a share of Substack Local’s $1m journalism grant.

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

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, including salaries, benefits, and legal support for journalists from day one. Mohamed says the idea is...

Facebook joins Substack in tossing some peanuts to local news projects - Vimarsana News

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 would pay $5 million to fund a similar program, with an emphasis on “Black, Indigenous, Latinx, Asian ...

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

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 Facebook's answer to the trend of email newsletters, led by platforms like Substack, as it focuses on reporters who are usually the lone voice covering a given community, according to The Verge. The publishing platform, which Facebook announced...