Substack Is Having a Moment—Again. But Time Is Running Out

Terry Moran, a respected ABC News journalist, was fired for criticizing Trump and Stephen Miller on social media. He quickly launched a Substack newsletter, joining a growing trend of journalists seeking editorial freedom and financial independence through the platform. While some Substack writers earn substantial incomes, critics question the model's sustainability and value for readers. Subscription fatigue and limited audience reach pose challenges for most writers attempting to match traditional media salaries.