Substack, the flourishing four-year-old newsletter company, has always touted itself as a savior. It was a way to make real money from writing without the hand-to-mouth hustle of freelancing. You could work without a boss and bet on yourself. Above all, it was a means of escaping the turbulence of the media industry. There would be no quotas or metrics or layoffs or arbitrary changes driven by tech monopolies. With few exceptions, journalism as an industry is in free fall. Stable jobs are few and far between. Substack offered another way.But over the past few weeks, Substack has faced sustained criticism for the first time in its history. A number of prominent Substack authors have left the
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