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Substack will spend $1 million to support “up to 30” local news writers
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We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
Platformer / Casey Newton / Feb 23
“Last month [The New York Times] also reported that Facebook is developing newsletter tools for reporters and writers. (I’ve confirmed this with my own sources.) As with Clubhouse, newsletters hardly pose an existential threat to Facebook. But they do bleed time and attention away from the company’s apps — and in a world where news may not be even available on Facebook in some countries, it may be wise for it to have a hedge. That leaves Facebook competing with legitimately fast-growing, well funded competitors across audio, video, and text. And while it’s in a much earlier stage, I think the company may soon have an interesting competitor in photography as well.”
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