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Athletic, Axios talking merger?

Discussion in 'Journalism topics only' started by FileNotFound, Mar 26, 2021.

Page 18 of 37
  1. Hot and Rickety

    Hot and Rickety Active Member


     
    Hot and Rickety, Jul 30, 2021
    #205
  2. SoloFlyer

    SoloFlyer Well-Known Member

    Something in the works? Scott Burnside out today, too.

     
    SoloFlyer, Jul 30, 2021
    #206
  3. SixToe

    SixToe Well-Known Member

    Honestly don't know. Do these Athletic writers work on 2- or 3-year contracts? It seems those who depart usually say something like "My three years has been great but time to move on."

    I know they're tasked with generating interest and subscriptions. But is it a contract deal like with television anchors?
     
    SixToe, Jul 30, 2021
    #207
  4. Sports Barf

    Sports Barf Well-Known Member

    Is she joining Antifa?
     
    Sports Barf, Jul 30, 2021
    #208
    garrow and BYH 2: Electric Boogaloo like this.
  5. Alma

    Alma Well-Known Member

    She’ll be fine. Lives in a big media area, above average in the field, and has the right Twitter politics.
     
    Alma, Jul 30, 2021
    #209
  6. Screwball

    Screwball Active Member

    Yes. Many writers on expiring contracts have been offered new deals with pay cuts.
     
    Screwball, Jul 31, 2021
    #210
  7. JoshBarnett

    JoshBarnett Member

     
    JoshBarnett, Jul 31, 2021
    #211
  8. goalmouth

    goalmouth Well-Known Member

    I thought Substack was going to solve all this.
     
    goalmouth, Jul 31, 2021
    #212
  9. JimmyHoward33

    JimmyHoward33 Well-Known Member

    I wonder if Burnside is going to back to espn since they’ve got hockey again? He was there forever before they cut everything back
     
    JimmyHoward33, Jul 31, 2021
    #213
  10. gingerbread

    gingerbread Well-Known Member

    Interesting move. I'm not at all familiar with Molly's work and while I've read quite a few substack pieces from authors I like, I'm not that familiar with the financial end of it.
    Does substack get a percentage of the cut, or do writers/creators pocket all subscription fees? Is it a feasible money maker or more of a vanity project for people who have full-time jobs or don't need them? I can't imagine how it would make financial sense to go from a six-figure job to substack ... someone enlighten me?

     
    gingerbread, Aug 2, 2021
    #214
  11. The Big Ragu

    The Big Ragu Moderator Staff Member

    So. ... my understanding is that it is pretty straightforward. You sell subscriptions for your own work. Substack takes 10 percent of revenue, and Stripe, which does the payments takes 3 percent. Where it gets tricky. ... To try to get off the ground, Substack struck different deals with some writers they recruited themselves. ... Glenn Greenwald, Matt Ygelsias were two of them. There were a bunch of others, too. In the cases of those writers, they paid them a good chunk of change up front for the first year, but Substack keeps 85 percent of the subscription revenue. After the first year, the writers become like everyone else. ... they keep 90 percent of revenue, no guaranteed payout. If you are Greenwald or Ygelsias, yeah, you can potentially earn mid 6 figures. But they are the exception, I imagine.
     
    The Big Ragu, Aug 2, 2021
    #215
    gingerbread likes this.
  12. Old Crank

    Old Crank Active Member

    I don't think anyone on Substack gives up a good job to go to that platform. A friend of mine just started a newsletter on it because he got the axe from the publication that previously employed him. Ragu's description of the financial arrangement sounds like what my friend told me. My friend is charging 60 bucks a year for his newsletter, which is on one particular sport, and hoping that will provide a living since he's a touch young for retirement.
     
    Old Crank, Aug 3, 2021
    #216
    gingerbread likes this.
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