{"id":91980,"date":"2024-10-19T04:00:05","date_gmt":"2024-10-19T08:00:05","guid":{"rendered":"https:\/\/quotulatiousness.ca\/blog\/?p=91980"},"modified":"2024-10-18T18:42:29","modified_gmt":"2024-10-18T22:42:29","slug":"the-worst-month-for-legacy-media-so-far","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2024\/10\/19\/the-worst-month-for-legacy-media-so-far\/","title":{"rendered":"The worst month for legacy media &#8230; so far"},"content":{"rendered":"<p><a href=\"https:\/\/www.honest-broker.com\/p\/is-this-the-worst-month-ever-for\" rel=\"noopener\" target=\"_blank\">Ted Gioia<\/a> has a (paywalled) post on the awful, terrible, bad, no-good month for the mainstream media. I think the headline needs an appropriate meme:<\/p>\n<p><a href=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2024\/10\/Simpsons-Worst-month-ever-for-legacy-media.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2024\/10\/Simpsons-Worst-month-ever-for-legacy-media.jpg\" alt=\"\" width=\"585\" height=\"500\" class=\"aligncenter size-full wp-image-91981\" srcset=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2024\/10\/Simpsons-Worst-month-ever-for-legacy-media.jpg 585w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2024\/10\/Simpsons-Worst-month-ever-for-legacy-media-480x410.jpg 480w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2024\/10\/Simpsons-Worst-month-ever-for-legacy-media-150x128.jpg 150w\" sizes=\"auto, (max-width: 585px) 100vw, 585px\" \/><\/a><\/p>\n<blockquote><p>These events all happened in the last few days.<\/p>\n<p>They are NOT unconnected:<\/p>\n<ul>\n<li>SEPTEMBER 24: The <a href=\"https:\/\/www.ft.com\/content\/de999cfe-1604-41e4-9ba4-c2ad42cefb9c\" rel=\"noopener\" target=\"_blank\"><em>Financial Times<\/em> reports<\/a> that a Substack launched two years ago by Bari Weiss is now worth $100 million, and has just raised $15 million from investors.<\/li>\n<li>OCTOBER 1: One week later, journalist <a href=\"https:\/\/www.hollywoodreporter.com\/business\/digital\/taylor-lorenz-leaves-washington-post-launch-user-mag-substack-1236011888\/\" rel=\"noopener\" target=\"_blank\">Taylor Lorenz announces<\/a> that she is leaving the <em>Washington Post<\/em> to launch an online periodical on Substack. She plans to hire other writers and offer in-depth coverage of tech and internet culture.<\/li>\n<li>OCTOBER 14: Gallup announces the results of a new poll showing that <a href=\"https:\/\/news.gallup.com\/poll\/651977\/americans-trust-media-remains-trend-low.aspx\" rel=\"noopener\" target=\"_blank\">trust in mass media has reached an all-time low<\/a>.<\/li>\n<div id=\"attachment_91982\" style=\"width: 863px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2024\/10\/Americans-trust-in-mass-media-1972-2024.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-91982\" src=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2024\/10\/Americans-trust-in-mass-media-1972-2024-853x497.png\" alt=\"\" width=\"853\" height=\"497\" class=\"size-large wp-image-91982\" srcset=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2024\/10\/Americans-trust-in-mass-media-1972-2024-853x497.png 853w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2024\/10\/Americans-trust-in-mass-media-1972-2024-480x280.png 480w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2024\/10\/Americans-trust-in-mass-media-1972-2024-150x87.png 150w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2024\/10\/Americans-trust-in-mass-media-1972-2024-768x448.png 768w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2024\/10\/Americans-trust-in-mass-media-1972-2024-1536x895.png 1536w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2024\/10\/Americans-trust-in-mass-media-1972-2024.png 1764w\" sizes=\"auto, (max-width: 853px) 100vw, 853px\" \/><\/a><p id=\"caption-attachment-91982\" class=\"wp-caption-text\">Source &#8211; <a href=\"https:\/\/news.gallup.com\/poll\/651977\/americans-trust-media-remains-trend-low.aspx\" rel=\"noopener\" target=\"_blank\">Gallup<\/a><\/p><\/div>\n<li>OCTOBER 15: <a href=\"https:\/\/www.wsj.com\/business\/media\/james-patterson-substack-hungry-dogs-b7435e44\" rel=\"noopener\" target=\"_blank\"><em>The Wall Street Journal<\/em> reports<\/a> that bestselling novelist James Patterson is launching on Substack. He has sold 480 million books since publishing his first novel in 1976, but now will sell subscriptions to readers at a price of six dollars per month.<\/li>\n<li>OCTOBER 15: That same day the <a href=\"https:\/\/www.nytimes.com\/2024\/10\/15\/business\/media\/tina-brown-substack.html\" rel=\"noopener\" target=\"_blank\"><em>New York Times<\/em> reports<\/a> that the &#8220;queen of legacy media&#8221; Tina Brown \u2014 formerly editor of <em>The New Yorker<\/em> and <em>Vanity Fair<\/em> \u2014 is now launching on Substack. She is also charging six dollars per month.<\/li>\n<\/ul>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Ted Gioia has a (paywalled) post on the awful, terrible, bad, no-good month for the mainstream media. I think the headline needs an appropriate meme: These events all happened in the last few days. They are NOT unconnected: SEPTEMBER 24: The Financial Times reports that a Substack launched two years ago by Bari Weiss is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[831,28,13],"tags":[477,213,289],"class_list":["post-91980","post","type-post","status-publish","format-standard","hentry","category-business","category-media","category-usa","tag-magazines","tag-newspapers","tag-polls"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-nVy","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/91980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=91980"}],"version-history":[{"count":2,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/91980\/revisions"}],"predecessor-version":[{"id":91984,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/91980\/revisions\/91984"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=91980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=91980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=91980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}