Nathan makes an important point. 🔗 Why this is not a newsletter.

Commentators with a large and loyal audience quit their jobs at a newsroom—which hires support staff, investigative reporters, and others who have no such followings—and bring a decent chunk of their economic value with them. The newsletter service and payment platforms get a cut. Money moves from institutional support to influencer economies. The commentators get some newfound freedom. But if we don’t have robust journalistic institutions doing news-gathering work, what is there to comment on?

💬 Nathan Schneider