Re:Ask HN: Why Did Medium.com “Fail"?
by j_crick on Friday February 10, 2023 @09:26PM
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An afterthought: there are platforms with “bunch of bloggers” that we can pay money to, and they are called old school newspapers. But the implication remains: with the newspaper, you know what they do and what you pay money for. What does Medium want to get paid for without being a traditional newspaper, with all the things like editorial policy, journalistic standards (whatever they might be) and so on? To me it’s unclear.
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Based on what the CEO said, it sounds like they want to get paid for a recommendation engine that surfaces quality, substantial content. Upping the signal-to-noise ratio. Where traditional newspapers have editorial policy and journalistic standards, you could see that as an authoritative "these are the rules and follow them". I could see medium attempting a more 'free market system' where writers are incentivized to write quality content by getting views and money and the snuff sinks to the bottom. Essentially taking a more 'automated system of incentives' approach to try and fill that newspapery niche.
Especially with the consideration that traditional newspapers typically don't have niche content like programming articles.