Should media companies be afraid of Substack?

Welcome! I'm Simon Owens and this is my media newsletter. You can subscribe by clicking on this handy little button: Should media companies be afraid of Substack? Whenever you hear people talk about “the media,” they’re usually referring to traditional, hierarchical organizations that range from legacy newspapers to newer upstarts like Vox and BuzzFeed. And though the fortunes of individual outlets vary, the general consensus is that the media as a whole is suffering, with factors like ad blocking, Craigslist, ad fraud, vulture private equity, and the Google/Facebook duopoly converging to decimate newsrooms and shrink coverage.

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