Substack's 'The Free Press' to be acquired by Paramount for $200M

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View profile for Adam Singer

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Substack publication 'The Free Press,' a blog started in 2022, has grown to around 15M a year in revenue, and is now in talks to be acquired by Paramount for $200M (and founder Bari Weiss given an exec role at CBS News). I've predicted blogging is back for several years - thanks mostly to email and the fact that Substack and Beehiiv got distribution right. It turns out independent media can thrive in an environment even when social platforms like this one, Meta and Twitter/X throttle our hyperlinks. I honestly think it's a loss for these products to not show them as often as they do. As many users here are simply less informed, less educated and stuck in algo-generated filter bubbles. Of course, this isn't everyone. The smartest internet users are looking to things like email where there's less algo interference. You hope the big tech platforms catch on and remember hyperlinks are important again, at some point this will be a liability for them jamming the plumbing of the web. Anyway - if you want to start a blog, it's never been a better time. We have so much validation all around us. You can even be well-compensated for your work this time. The internet is great if you play the right games.

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