Spadack is having a moment again. But time is running out

Before June 8, The skilled and respected television journalist of the ABC News Terry Moran was neither a family name nor a political lightning. This changed sharply when Moran Posted on x The deputy chief of the staff of Donald Trump Stephen Miller was “a world -class hate”, followed by an addendum that the president was also an hateer. (THE send It was subsequently removed.) While the declarations were certainly defendable, apparently violated the policy of the ABC and Moran was suspended, then fired. Moran, however, has remained a move. On June 11 he started writing on Scadack.

Moran joined a movement based on a dream: journalists could start a poor newsletter and a subscription that would correspond to or exceed their previous salaries. And they would be freed editorial! No editor to ruin the copy, no censorship of the garments when the advertisers complain, no corporate overlords to fire when the President of the United States is said is an hatier. Spadack says some people really live the dream. CEO Chris Best recently boasted in a speech That “more than 50” of its users were attracting one million dollars.

How more journalists receive pushed Out of their work, made tired of their garments or simply want to breathe the fresh air of freedom, now they have what seems to be a practicable escape door. Many of them have recently taken advantage of it. Jeff Bezos was good at climbing: the apparent recent disinterest of the editorial page of Washington Post in using the democracy of dying led the writer of popular opinions Jennifer Rubin a A publication called The Contrrian beginsand Censored Pubblicator Ann Telnaes now public also on scarce. Former conductor Msnbc Mehdi Hassan started his publication. Chuck Todd has also become indie.

You may be attempted to think that the scarce revolution is shaking the foundations of journalism, agreeing with Stars dug Emily Sundberg That leader of the editorial staff from all over the world should exclude the doors to prevent further defections. Well, not so quickly. The poor model could work very well for some, but it is not so easy to march and combine a salary. Readers have to pay a high price for a voice that once enjoyed in a publication they register. And writers must get used to the idea that the breadth of their wisdom is limited to a small percentage of customers. Is Scadack sustainable for writers who turn to a general audience?

Just in the last week or so, a group of critics has published that the platform could be on a shaky soil. It started when the new arrival Eric, who put a strain on his strong influx of big names of Big Names and reported that the platform told the investors that it was Taking $ 45 million per year of revenue. He said he was looking for a new investment round that would appreciate the company at $ 700 million. (Scadack did not confirm those numbers.)

But then Puck’s Dylan Byers I looked at those numbers And it was asked if the evaluation of the background line was actually lower than the previous rounds. Byers, like other critics, accused that once the few real great earnings have been overcome, the platform was full of mediocrity at low altitude: “The truth is that the vast majority of content on low is boring, amateur or crazy jokes,” he wrote. His conclusion was that Scadack was a media company that tried to be evaluated as a technological society, which is a family bankruptcy point for similar companies. (Wired himself once failed in an ipo Precisely for this reason.)

Ana Marie Cox, which once liked the fame of blogs like Wonkette, it is even darkerWriting in his newsletter that Scadack “is unstable as a Spacex launch”. It was not affected by the most recent influx of names of names. “For how many Terry Morans has space on Spazia?” He wrote. “There is also a public appetite for a dozen Terry Moran, each independently Terry Moran in his newsletter?”

Cox refers to the effort of the subscription, which is something I think every time a registration page appears when a new shot opens. In general, underlying professionals urge an $ 5-10 monthly commission or an annual rate of $ 50-150. Usually there is a free level of content, but journalists who hope to do at least part of their sustenance on Scadack save the good things for paid customers. Compared to subscription to publications in all respects, this is a terrible value proposal. After leaving the Atlantic, the famous writer Derek Thompson started a beaten This costs $ 80 per year: this is a penny more than a digital subscription to the magazine it has just left! (The Atlantic Will probably spend $ 300,000 To replace him with someone else who is worth reading.) It doesn’t take too many subscriptions to combine the cost of the New York Times, who probably has 100 good journalists as poor writers and starts Wordle.