Substack Remakes Media for the Passion Economy Era
US newsletter platform Substack is luring top-name journalists away from traditional media companies. Influential political writer Andrew Sullivan, who recently left Vox Media's New York Magazine to restart his blog The Dish on Substack, is the latest in a growing group of creatives looking to reach audiences in their inboxes – and monetise that readership directly.
Founded in 2017, Substack enables writers to create paid newsletter subscriptions. Many of its users have leveraged the platform to build sustainable businesses – American political writer Judd Legum, one of Substack's first success stories, is reportedly earning more than six figures annually.
The promise of direct, monetisable relationships with readers is now luring the likes of Sullivan to the platform. The British writer left New York Magazine for Substack last week, claiming the publication has become hostile to conservative voices. His frustration with traditional media is being echoed by the likes of American writer Bari Weiss, who resigned from the New York Times recently in protest at what she believes is a stifling of voices that deviate from "an ever-shifting laundry list of right causes".
Weiss and Sullivan's attacks on established media follow on from a letter published in US magazine Harper's, also bemoaning a (perceived) culture of overly constrictive ideological policing. It was signed by a host of renowned artists, including authors Salman Rushdie and Margaret Atwood.
As more writers and thinkers become disillusioned by the presumed strictures of traditional publishers, we expect to see an increased 'unbundling' of journalistic voices across platforms like Substack. This shift is becoming a key driver of the passion economy trend, where 'solo-preneurs' are using tools like Substack, Patreon and Shopify to build digital campfires to reach smaller groups of passionate followers directly.