Friday, October 22News That Matters

Tag: Substack Inc

A Service for People Dating in New York City

A Service for People Dating in New York City

Technology
Every Friday, when Randa Sakallah sends out her free newsletter, Hot Singles, she hopes to make a match. Maybe not a forever love, but a connection, however fleeting, between two people who are interested in something more.Her emails feature profiles of eligible New Yorkers, framed in the old-school style of personal ads. One day, subscribers might learn about a “spiked-seltzer-loving, beat-boxing, techno dancer extraordinaire.” Another, a “31M Pomodoro Papi” looking for his “Bucatini Baby.”Each subject answers at least three questions: What is your toxic trait? What makes you hot? What are you looking for?“It’s a good prompt that’s a little tongue in cheek that gets people to speak positively about themselves when they’re in this dating environment where being self-promotional is kind of ...

These Online Publications Are Not Free … and Readers Don’t Mind

Technology
The Daily Memphian, a nonprofit news site in Memphis, is also part of the wave, with readers contributing the bulk of its revenue. It started in 2018 in response to the shrinking of the local newspaper, The Commercial Appeal. Nearly 17,000 subscribers pay $99 per year (or $12.99 per month) for The Memphian, and they have renewed their subscriptions at a rate of 90 percent, said Eric Barnes, the publication’s chief executive. Ad sales, sponsorships and donations cover the rest of a $5 million annual budget that supports a newsroom of 38.Updated Oct. 4, 2021, 5:57 p.m. ET“People paid for news for decades,” Mr. Barnes said. “Why can’t they pay for it now?”The imperative to hold on to subscribers has influenced The Memphian’s journalism, he added, bringing an emphasis on straightforward a...
Salman Rushdie Is Now on Substack

Salman Rushdie Is Now on Substack

Technology
“I mean, if I were publishing a book, I’d get more money,” he said.He still plans to hold back his big swings for the traditional outfits and is at work on a novel to be published by Random House.Daily Business BriefingUpdated Aug. 30, 2021, 5:48 p.m. ETSubstack has cash to burn. It has raised nearly $83 million at a valuation of $650 million, and it recently acquired Cocoon, a social media app that is driven by subscriptions and does not include any advertising.Mr. Rushdie has always been a maximalist, on the page and in life. His fiction is a highly stylized blend of magical realism and meta-theatrical storytelling, stories within stories told by multiple narrators. He has had an adventurous personal life and has been married several times. In many ways, Substack seems a natural ven...
Facebook Unveils ‘Bulletin,’ a Newsletter Tool to Compete With Substack

Facebook Unveils ‘Bulletin,’ a Newsletter Tool to Compete With Substack

Technology
Facebook debuted a newsletter subscription service on Tuesday, an attempt to court influential writers to its platform as more creators branch out from traditional publications and go independent.To jump-start the service, called Bulletin, Facebook spent months recruiting dozens of writers across different categories — including sports, entertainment, science and health — paying them upfront to bring their readers to Facebook’s platform. The writers include the New Yorker writer Malcolm Gladwell, the author Mitch Albom, and the organizational psychologist Adam Grant. Facebook plans to expand the program and partner with more writers over time, including those who focus on local news.“The goal here is to support millions of people doing creative work,” Mark Zuckerberg, the chief executive o...
Young Creators Are Burning Out and Breaking Down

Young Creators Are Burning Out and Breaking Down

Technology
When a fresh crop of young stars began building audiences on TikTok in late 2019 and early 2020, many were hopeful that this time would be different. They’d grown up watching YouTubers speak frankly about these issues. “When it comes to Gen Z creators, we talk so much about mental health and caring for yourself,” said Courtney Nwokedi, 23, a YouTube star in Los Angeles. “We’ve seen a bunch of creators talk about burnout in the past.”Still, they weren’t prepared for the draining work of building, maintaining and monetizing an audience during a pandemic. “It’s exhausting,” said Jose Damas, 22, a TikTok creator in Los Angeles. “It feels like there aren’t enough hours in the day.”“TikTok is just as demanding as YouTube,” said Gohar Khan, 22, a TikTok creator in Seymour, Conn.Thanks to the app’...
Former Condé Nast Editor Plans a Vanity Fair for the Substack Era

Former Condé Nast Editor Plans a Vanity Fair for the Substack Era

Technology
A former editor at Vanity Fair has been working for more than a year to create a digital publication with a business twist: Its writers will share in subscription revenue.Think of it as Vanity Fair meets Substack, the subscription newsletter platform that has attracted big-name authors.The new company behind the publication, Heat Media, hopes to unveil it in the coming months, four people with knowledge of the matter said. The start-up is partly the brainchild of Jon Kelly, a former editor at Vanity Fair who worked under its previous editor in chief, Graydon Carter.If all goes according to plan, the start-up’s contributors will include writers whose contacts include the power elite of Hollywood, Silicon Valley, Washington and Wall Street. An annual subscription would cost $100 and could in...
Why We’re Freaking Out About Substack

Why We’re Freaking Out About Substack

Business
Isaac Saul, who told me his nonpartisan political newsletter Tangle brought in $190,000 in its first year, wrote recently that he came to Substack “specifically to avoid being associated with anyone else” after being frustrated by readers’ assumptions about his biases when he worked for HuffPost.One of the writers who left Substack over transgender issues, Jude Doyle, argued that its system of advances amounted to a kind of editorial policy. But the analogy to a media company isn’t clear. Grace Lavery said she wanted Substack to be more aggressive about stopping harassment, but said she didn’t think threats to boycott the email service over writers she disagrees with made political sense. She has had bitter public disputes with other Substack writers, including the journalist Jesse Singal,...