Newsletters
What a free newsletter subscriber is actually worth
Gabriela Montoya · August 26, 2026
Publishing: Books and Industry
Publishing covers books and magazines as businesses: advances and royalty structures, print runs and returns, distribution terms, backlist and catalog value, and subsidiary rights across audio, translation and screen. Guides explain where margin actually accumulates in a title's life. Written for publishers, agents and authors negotiating their own contracts.
Publishing
What five years of product bundling did to The New York Times' subscriber math
Bundling news with Games, Cooking, Audio and The Athletic pushed The New York Times past 12.5 million digital subscribers — but the company's own numbers show the easy gains are already behind it.
Gabriela Montoya · August 21, 2026
Newsletters
Substack takes 10% of newsletter subscriptions; beehiiv and Ghost take none
Gabriela Montoya · August 19, 2026
Publishing
Publisher–AI licensing deals explained: what the News Corp–OpenAI agreement established
The May 2024 deal — reported at over $250 million over five years — created the template every publisher–AI negotiation since has worked from; here is what is actually in these agreements.
Gabriela Montoya · July 23, 2026
Publishing
The first 30 days: onboarding sequences that keep new subscribers
First-renewal rates separate publications that compound from those that leak, and the first month — not the pitch — decides most of it.
Gabriela Montoya · June 30, 2026