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Re:Top highest-earning Substack newsletters generate over $2... by mellosouls on Tuesday March 21, 2023 @05:14PM (#35252663)
As a reader of several Substack writers, I find the individualist approach frustrating, and - I feel - ultimately counter-democratic in a way.

By the latter I mean that with legacy media - despite the political slant (either way) of the publication as a whole, you generally have access to a multitude of voices.

With the Substack model that isn't the case - unless you limit yourself to the free options, or are wealthy enough to subscribe to as many writers as you like.

I suppose there are Substack amalgamations out there, grouping writers on a common outlet, but those who have managed to gather enough of a living striking out on their own are probably not going to worry too much about whether they are also available as part of a more economically accessible and diverse collection of voices using a different subscription model that collates multiple writers for a single cost.

Ultimately that means that access to a truly wide range of authoritative voices is potentially limited to the wealthy.

Re:Top highest-earning Substack newsletters generate over $2... by karaterobot on Tuesday March 21, 2023 @05:40PM (#35252984)
* * *
Re:Top highest-earning Substack newsletters generate over $2... by aiappreciator on Tuesday March 21, 2023 @05:36PM (#35252912)
"access to a multitude of voices" You mean a multitude of groupthinked, editor supervised voices?

More people != better opinions unless there is a constant debate. And the modern subscription driven model for large newspapers means appealing to the base, and neutrality is bad for revenue.

Substackers also have to appeal to their base. But individual idiosyncrasies and strong opinions are much better preserved when its just one person, instead of a n editor enforcing a hivemind.

Re:Top highest-earning Substack newsletters generate over $2... by mrangle on Tuesday March 21, 2023 @05:36PM (#35252921)
You must have a huge "democratic" beef with books. Those being the dominant largely solitary-voiced format that people pay for. Before now, I've read anything that correlated them to being counter to democracy.
Re:Top highest-earning Substack newsletters generate over $2... by codyb on Tuesday March 21, 2023 @05:42PM (#35253003)
There's libraries, at least in the USA, in a lot of places.
Re:Top highest-earning Substack newsletters generate over $2... by nradov on Tuesday March 21, 2023 @05:37PM (#35252930)
After 30+ years of web publishing we still have no viable system for content micropayments. There's just no way I will sign up for any more monthly subscriptions; those build up and eat you alive. But I would be happy to pay a small amount to read an individual article if it was a frictionless one-click process. There have been many attempts to crack that problem but so far all have failed.

https://www.nngroup.com/articles/the-case-for-micropayments/

Re:Top highest-earning Substack newsletters generate over $2... by ghaff on Tuesday March 21, 2023 @05:51PM (#35253097)
And there's an argument (almost certainly correct) from 25 years ago that the problem with microtransactions was that there's a mental transaction cost associated with every 5 cent payment. https://archive.is/fzL0I

Small $$ subscriptions are a different variant of the same problem.

To be fair, many of us used to have a bunch of magazine subscriptions--some of which were only $1-2 per month but I'm not sure the same mindset still applies.

We do see things like Apple News+ that aggregate non-free content and perhaps that's something of a solution. We'll see. I do pay for the New York Times and The Economist but I mostly won't subscribe to individual sites online.

Re:Top highest-earning Substack newsletters generate over $2... by njarboe on Tuesday March 21, 2023 @06:02PM (#35253250)
Maybe this is true but it would be nice to have a technical solution in place that would facilitate a 5 cent payment so people could experiment with it. The US treasury of FED should do it at this point as it seems no one else will.
Re:Top highest-earning Substack newsletters generate over $2... by ghaff on Tuesday March 21, 2023 @06:14PM (#35253403)
Many startup failures in the dot-com era. Not sure why this should be a US Treasury service given there's a well-developed financial system in the US that facilitates lots of other payment options. (And have you ever looked at the hilariously barely late 90s website of TreasuryDirect?)

I'm also not sure I want the US government deciding which publications are proper participants in an official micropayments scheme.

Re:Top highest-earning Substack newsletters generate over $2... by bryanlarsen on Wednesday March 22, 2023 @08:10AM (#35259845)
Blendle is 20-50 cents per article. I doubt that lowering their prices to 5 cents would make a material difference.
Re:Top highest-earning Substack newsletters generate over $2... by dylanzhangdev on Tuesday March 21, 2023 @09:01PM (#35255240)
In China, the online literature industry represented by qidian.com is a typical model of charging by word count: a few cents RMB per 1000 words. If you subscribe to a novel with several million words in full, you will find that the final cost far exceeds buying a physical book. I subscribe to three or five online entertainment novels for fun and relaxation all year round, because reading them only takes a few minutes of fragmented time every day, so this price is acceptable. But I think this word count payment model is difficult to replicate in serious news or more formal opinion articles, because users do not have much motivation to subscribe daily, and this fee is too low, and also need to pay attention to piracy issues. Novels are not very meaningful if they are not copied in full. But for a single article, it is very easy to be copied away for 5 cents and made public on the Internet. <This comment is translated by new bing.>
Re:Top highest-earning Substack newsletters generate over $2... by Yizahi on Wednesday March 22, 2023 @07:22AM (#35259439)
Because they aren't and never will be "micro". Every single media I saw trying this eventually comes to the multiple dollars, or tens of dollars per single purchase of a single digital item (post, video, recording etc). That's not sustainable for majority of people, and of course fails. Unless a specific type of people become interested in it, commonly known as "whales", who can sustain a lot of expensive single purchases. And it's a reinforcing loop - since more money comes from a few "money is no issue" crowd, creators are increasing prices to extract more money from this crowd, more people are filtered out and more whales are left, the prices increase again and so on.
Re:Top highest-earning Substack newsletters generate over $2... by paxys on Tuesday March 21, 2023 @05:44PM (#35253020)
I don't see that as a fundamental product limitation of Substack. Having the concept of a "publication" is probably something they will get to at some point. Medium followed the same path, and they now have multi-author publications as well. I'm guessing it's more a matter of engineering and product prioritization than some explicit decision towards maintaining individuality.
Re:Top highest-earning Substack newsletters generate over $2... by ctrlp on Tuesday March 21, 2023 @06:00PM (#35253208)
Access to authentic diverse viewpoints is a luxury good you must pay for. Everyone who would be accurately informed must fund their own private intelligence service. The legacy media of a "multitude of voices" under one imprint is pretty rare and will still be editorialized within a local Overton window for any given publication. The plebs can only afford one or two subscriptions to their politically-approved list of "news" sources and must be satisfied with being told what to think from a limited menu. If you can't afford it, you're not meant to have it.

You need to budget at least $200 USD per month for substack subscriptions. After that, you will need to budget about 10-20h per month to parsing their output and deciding which of the approved media outlets they would be allowed to write for if they weren't making more money with their own audiences. This will help you think critically about what they're trying to have you believe. For those who would not be welcome at even the most heterodox mainstream publications, you will need to spend a bit of time deciding how it is they can afford to be writing for a living. You will need to track down their incomes until you are satisfied that their shadowy patrons are either dark money influence campaigns and/or CIA-NGO grants. Use this information to triangulate the various positions you are presented with. The truth is somewhere in the nexus of lies.

Re:Top highest-earning Substack newsletters generate over $2... by aiappreciator on Tuesday March 21, 2023 @06:28PM (#35253579)
There's no need to play the edgelord here. Your average person does not have $200USD/month lying around for news. Even cable packages aren't that expensive.

But they don't need that much either, just budgeting $15 a month is more than sufficient to have a favorite paid substack, and several other free substacks. Most people don't have the time to analyze that much information.

Its sufficient to know that viewpoints other than MSM-peddled-narratives exist, that gives people a healthy skepticism, without needing to spend days each month just analyzing the news.

Re:Top highest-earning Substack newsletters generate over $2... by ctrlp on Tuesday March 21, 2023 @07:44PM (#35254489)
ok, shoot. $5/mo per sub. Pick three for your $15 budget and a few freebies. I submit it is not sufficient merely to know that non-MSM narratives exist to have the skills sufficient to detect military-grade influence campaigns.
Re:Top highest-earning Substack newsletters generate over $2... by ctrlp on Tuesday March 21, 2023 @07:47PM (#35254514)
The fact your "average" person can't afford premium information is the point. Truth is free to those who can afford it, very expensive to those who can't.
Re:Top highest-earning Substack newsletters generate over $2... by miklosme on Tuesday March 21, 2023 @07:28PM (#35254304)
Great copypasta, you almost got me.
Re:Top highest-earning Substack newsletters generate over $2... by ctrlp on Tuesday March 21, 2023 @07:41PM (#35254457)
copypasta from where?
Re:Top highest-earning Substack newsletters generate over $2... by gnicholas on Tuesday March 21, 2023 @06:24PM (#35253539)
> With the Substack model that isn't the case - unless you limit yourself to the free options, or are wealthy enough to subscribe to as many writers as you like.

Don't most authors have at least some free content? The only substack where I've regularly encountered locked content on is Emily Oster (who writes about parenting issues). I read on substack a dozen or two times weekly, and I've never found the paywalls to be an issue. Would it be nice to have subscriptions to five or 10 newsletters? Sure. But it would hardly change my life, since most news is available from many outlets, even if you're looking for a particular perspective.