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</style><![endif]--><!-- __merge_tags_in_links__ --><style></style></head><body class="a" style="margin:0px auto;padding:0px;word-wrap:normal;word-spacing:normal;background-color:#FFFFFF;"><div role="article" aria-roledescription="email" aria-label="email_name" lang="en" style="font-size:1rem"><div style="display:none;max-height:0px;overflow:hidden;"> Not everyone can be a Substack star. But that's not all newsletters are, either.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ </div><table role="none" width="100%" border="0" cellspacing="0" align="center" cellpadding="0" class="gg"><tr><td align="center" valign="top"><table role="none" width="670" border="0" cellspacing="0" cellpadding="0" class="aa" style="width:670px;table-layout:fixed;"><tr><td class="bodyWrapper" align="center" valign="top" style="padding:10px 5px 10px 5px;"><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td align="center" valign="top" style="border-width:0px 0px 0px 0px;border-style: solid; border-color: #FFFFFF;border-radius:10px 10px 0px 0px;background-color:#FFFFFF;" class="c"><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tr id="header"><td style="padding:15px 15px 0px 15px;"><div style="padding-top:0px;padding-right:0px;padding-bottom:20px;padding-left:0px;"><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td class="f" align="right" valign="top"><p> February 12, 2026 | <a href="https://link.mail.beehiiv.com/ss/c/u001.FIK02fInvGXCNK3vQPbydX2TX2bVgL9wMkHYjIaKRxw_DrFAGvYtlq2RmVR149ELFrnG0d-w6wH00tp0whdjxdd9YGaHXNvILNqI9fOoEOCsZhKFt5QkfPmRt9WbN72wNIN27udfdvnSOHXn4Mp-LD0mjVcG-wXgL2Spj_NFbqvA9sncXwgLFnGSSH50E7V0ERm2_T8cHPfmFGPkA0OkDSqh-uXzGHCX8qnm3gsYavxwyjV9gMar7FfAhz-OhT7nb7z1--GW9nls84FGPnVaUqR1NgWcSH4qpWNRVxBL87x0NeLYlQj1y5wlMnomI70b-PTsJF2gkVyKE9v1Fh7t6IP6AEGJNGVRQle-J7eVCqNFfKckJMTBHtMoxSOwtFCIcNhZrnZpgbEzU7qYo-umfsJ8QSCmLyKrNrUEu4AdSYjqtkbE1gX-2NbrPl2iw7EUfMIUGw8d_DXcIwf2_Y_tuISXVfhGKBcfjFX419Rwj5WSOVRHwoQ6tqiJXo53uNaBt-cGk8r_zYz-GlYcW2a_0KC4KOmKj0gNaTyf5rCaQcpVkToX5ZuMFtRLBL1hTzqaEfsaYp_sz0_8E29NZi1fpaUmB3f5xXB3xZZxc7vxKGw1wt9enhBFc1Q-8OJGMJr6XZSt1NSGw8vqOE2Bg2_Wmqek9NAwr99M5T17sGtTWOz-xXhLhatNzfB-dk1pLxSScRnIpLUae3fPEtr5DtufmdMTfJlvms_WtMGY8iO28sSK1TCNgaWuOjIGq6wrjOrxxVTtPmJI9STRH_0ON2U_GUCAUrUSQIPk3AYr7CW_t8zkCwoegWiw3-Uz6Luw40tDYkQkOTjhNEer5tPy1jlCGJ343ejm53xOPNfEuVFMXAg5SzRPBzgRYHNdRQ2jrUwl/4o3/JFCwiDK2RJu6UFwueDId-Q/h0/h001.uKc9BLlA_tCrkk9PNl9oB2gwPS8FxzXSjek-3LI055w"><span class="translation_missing" title="translation missing: en.templates.posts.email.header.read_online">Read Online</span></a></p></td></tr><tr><td class="dd" align="center" valign="top" style="padding:15px 0;"><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td align="center" valign="top"><h1 style="text-align:left;font-family:'Trebuchet MS','Lucida Grande',Tahoma,sans-serif;font-weight:Bold;font-size:32px;color:#2A2A2A;padding:2px 0;line-height:38px;"> The future of journalism is emails like this </h1><p style="text-align:left;font-family:'Helvetica',Arial,sans-serif;font-weight:normal;font-size:20px;color:#3E3E3E;padding:5px 0;line-height:24px;"> Not everyone can be a Substack star. But that's not all newsletters are, either. </p></td></tr></table></td></tr><tr><td><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center" style="border-top:1px solid #E5E7EB;border-bottom:1px solid #E5E7EB;padding-top:12px;padding-bottom:12px;margin-bottom:15px;margin-top:15px;"><tr><td align="left" valign="middle"><table role="none" border="0" cellspacing="0" cellpadding="0" align="left"><tr><td align="left" valign="middle"><table role="none" border="0" cellspacing="0" cellpadding="0" align="left"><tr><td align="center" valign="middle"><a href="https://link.mail.beehiiv.com/ss/c/u001.FIK02fInvGXCNK3vQPbydX2TX2bVgL9wMkHYjIaKRxxa4I5MKc8QIvINz2rkfSbfgyfMnTetjIjy_DVeU255E6WMp59o0n0BMOnAaAVKZqWN7YqtMLXDjUXDlZ75GKzvQ5vPQHYBM2ZXpkcK3vUs9s6GAkn2pUawf-w_u5GKpolgrN78NVTDj3EaKFmm0VzBh5J8P844azQNLe0CTZKsSNcbIr4q-wvBjUqfxgVf7j8c6v5Eg36VcNC3JmrSis8UbRw1GkllpFg-Xxnc3FzDdqujAwo5DpwUJ8vRwmb0DbXzj-zP9gtltAujdIe42XgJ7HLlmAU2QMJcS3GdkjW_TavkwajAOzryA_PbbssAlWBvuFaE5IlgOLsEy6BZ7MZbmBPjjePgbd4G8hGvlLJ5HxKuoc8C5yQIQ0P0Btgbye7h_B3kztMFLyhiB9beHCHlvq6oq9PUDUwlGKom_ogjpaJ1u_VmlZplnCc5rtalp8-KK3YtBCFkDrFNFNZs8sTBX01AmsXI-MRtzTIObLcXqPgn8PkGg4TeA01m9QccfvUH7G4NJRm__IMva19nUGnQ3vH24SQmeYIFRUQDBIeNC7BQOEuy6oZlrz7tou2gdF4JzkW44AkxpfFp8b7fWpWlCMk4OinHZ7FXJnqAAWnuhIp0AMRoh5KYvMseAqZIan0jdvTqOzcozdYz_f6gwzfv5SSQMh38_BHeXr709JhCN01YE0yDzSNw24aNPVKYIvp0S5caU6UpW7K-CvVFoCvR4rKR4YHA5QptCfuhTVF7nfmc4f7DPE2SkbJOjPRaWt2WvVKf54VO2rhmcOmMiDG-UBwF5rFbJj3xWHp4CXUMIIED8J5bv7B8uygeCJH65RGexjqpByt9mMjNCFcslDJGK2MdgzPbAhGKPt5wwBy-mg_1JbbsT932IDa1Fi3zKEmnI-d9Y8GJS_CyMSLUOmEEHbDN4YcOcMm1AhDLZlrHMv6ZqLF9_yE-3Cz6sn69cNQ/4o3/JFCwiDK2RJu6UFwueDId-Q/h1/h001.Dx4JxWTzV0jiN1iPguv8lIxc-2OLIRwFslgyk2_yOPk" style="text-decoration:none; display:block;"><table role="none" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td align="center" valign="middle" style="border: 1px solid #E5E7EB; border-radius: 100%; width: 18px; height: 18px; padding: 8px;"><img style="display:block; width:100%; height:100%; max-width:18px; max-height:18px; object-fit: contain;" alt="like" width="18" height="18" border="0" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/static_assets/header/like.png"/></td></tr></table></a></td><td width="8" style="width:8px;"> </td></tr></table></td></tr></table></td><td align="right" valign="middle"><table role="none" border="0" cellspacing="0" cellpadding="0" align="right" class=""><tr><td align="left" valign="middle"><table role="none" border="0" cellspacing="0" cellpadding="0" align="left" style="width:100%"><tr><td align="center" valign="middle"><a href="https://link.mail.beehiiv.com/ss/c/u001.xKky0oHbIR8GsvQMwFDbzwqUwIOljPhF6na-MCzwEDnbl7t_LtDbOkH0ipW0HS5bOtKb8-pAWwS-NZUxTyxTDXyG5mZKdGfvdCJTSg7kS3lVAcpcG1uNyBqaYtt9wi2xnEKWlwn3sXZQzetT5XEykcoU0J48v2SEJ_nzrFDHUd0LEcs5aJcqx_Dor1nyrUFT5Vwvm_9nTR8TnQAkCmgcX03yb3b5XG9QKWs19_Q4zVBtq8st3bRZ-6mzQlC4ibrVA_GVTInTooxXCNv3IdNg8I8kx086_t1U8FwHfDFAgpFCjpSqLNBtKDsqxh8cSSnYSqu5zdpJayHgP9RTCJnY0Hgsf0wKUkH1PEiCyB8cs_l9vuK79ruUkoRj1MKGyfHh/4o3/JFCwiDK2RJu6UFwueDId-Q/h2/h001.l2ZMT95oMyBjsRs83_AhnLymWtsqHAw2g5KPN15LJrc" style="text-decoration:none; display:block;"><table role="none" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td align="center" valign="middle" style="border: 1px solid #E5E7EB; border-radius: 100%; width: 18px; height: 18px; padding: 8px;"><img style="display:block; width:100%; height:100%; max-width:18px; max-height:18px; object-fit: contain;" alt="share on facebook" width="18" border="0" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/static_assets/header/facebook.png"/></td></tr></table></a></td><td width="8" style="width:8px;"> </td><td align="center" valign="middle"><a href="https://link.mail.beehiiv.com/ss/c/u001.U1lMVaAPjMqLNNPr09SLYI8RSGZ75H98Hu3aULnC4IKtMOLCDCd2KBjViLS8jQXXxvKyBXZoHkybxR90dkw-5Ja-xIrfBMOOatPv8Wrms7IYi2H-gDW4UJwFIzaSPYrtnRZg3Q3MIiO9IOEMG4AMuKCASCMUFbKhL0cgN_1_M2-ONWjqO-w8g4PEMctkFp6MEqcJQcEQGZl27zNeRn5eCznPOvGuG4oVcQcRZ6cv1BAOogaCyuLcxmJ7nlcRcV6t1BeVEvvZuRIyDn5RNbM482kjyss0ATAih2hnVAY4fgyZYymT6UcGBw4nU0ueBqlqNtKdI2cLf5sNmDh6_ZiM4XCn3cWuJmtwe834fTSojoTSzNEYZEejRc5qveqMgNpoYO-9wifiBzR6CWDdml6qJsa57O01hZJA2TbbCwH4lGZ8o8vSSwr3ezQnFeOhFIB9n2xwp2u4cdb0sgzJa5lUNTqpp3pl5Y7ifDIhZ75bbZg4ytDuatYRaNHALTRz48Qg/4o3/JFCwiDK2RJu6UFwueDId-Q/h3/h001.HEgqAhdPLzheOa_uh_rRV-38tqyIWIUOiYCtSE45CgU" style="text-decoration:none; display:block;"><table role="none" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td align="center" valign="middle" style="border: 1px solid #E5E7EB; border-radius: 100%; width: 18px; height: 18px; padding: 8px;"><img style="display:block; width:100%; height:100%; max-width:18px; max-height:18px; object-fit: contain;" alt="share on twitter" width="18" height="18" border="0" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/static_assets/header/x.png"/></td></tr></table></a></td><td width="8" style="width:8px;"> </td><td align="center" valign="middle"><a href="https://link.mail.beehiiv.com/ss/c/u001.xKky0oHbIR8GsvQMwFDbz2xi8Ckspt_W_aUtT7QTxVTwR6YU73W-_Jy77kUvfoFtYoSovav1kRVeAVxgsWuKi3o7KhaeKo7-5nezFRD4KPhItEI6ukVVPfHZc0Cu7CoELHEWQxAHNWl3rDnFV2vinlDEw_HegqGP1p0mj8nYztOaTrkFwkm2-yI3Qr8lQFrBaUlOHs_9Bfr79Gb0k-1GmAc6yJtyEcoYTfW8LrJwCjE-e4tquTFSJYsuDi6vL9kwNdoG98f3cLGdFKpMJpuDw0yR6gHIRZnA8_T6LTBqJWyV4oZPPEEp3UqddKUvxxTj8EoTwK8hYw3LlSpaGEp0pzWfMRozEsgjy0szv750QfAZVW0AR4FLF0DOR7K4UlGinJcs682qfIjYgDjkSATc5PMcN2oswSuNQi34wTZ488DZjGpgjo_Us1YQkGM0w4wTwx473NEy2hqNICV9fU1TrhUabuRkzpbn0TmVfvb74F8/4o3/JFCwiDK2RJu6UFwueDId-Q/h4/h001._nLWwVqoQIoe0kBlWI59PaaeRX9DTT20t94-v47jyV0" style="text-decoration:none; display:block;"><table role="none" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td align="center" valign="middle" style="border: 1px solid #E5E7EB; border-radius: 100%; width: 18px; height: 18px; padding: 8px;"><img style="display:block; width:100%; height:100%; max-width:18px; max-height:18px; object-fit: contain;" alt="share on threads" width="18" height="18" border="0" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/static_assets/header/threads.png"/></td></tr></table></a></td><td width="8" style="width:8px;"> </td><td align="center" valign="middle"><a href="https://link.mail.beehiiv.com/ss/c/u001.xKky0oHbIR8GsvQMwFDbzyJfC8JSWx87gV9E-N9sgcUqOhoHHFDxArgjHIQ3wAqQGYvcIR-Tm2_fOP8pRtHfGIT5fBL5UWnE2uCruNmquP5lR5lo86PVWrALSqwgA2YrZ3vTxQPMjuJWsXblNVpfPIOv9s41Af9574D9HnxJHjb1HYsXfs1Vpxs5C4nL-gKVVElaxK2UXDMXQ4estbbcE4tqIHWf2dXK3kYgea-mneTRn0CMsMmovuqJa-sPH4u-5gkh48QDDlCRKxU4eDSyt1cO7aegjAdvherM6z-4DidwRAVI-XA-odbs9O-mzgF2QTcvKLEWMy5VtU2IPCWrat6Kzgl5RKMefkQOoMT7RMY9I7haJ0whPg1AiAohtKPKlf2tjQO0cK1_KPEJi7eMOg/4o3/JFCwiDK2RJu6UFwueDId-Q/h5/h001.Ik53xfYw40mp-x9wR-MX57r_1Ia7mPJYJRhdljtIC0o" style="text-decoration:none; display:block;"><table role="none" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td align="center" valign="middle" style="border: 1px solid #E5E7EB; border-radius: 100%; width: 18px; height: 18px; padding: 8px;"><img style="display:block; width:100%; height:100%; max-width:18px; max-height:18px; object-fit: contain;" alt="share on linkedin" width="18" height="18" border="0" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/static_assets/header/linkedin.png"/></td></tr></table></a></td></tr></table></td></tr></table></td></tr></table></td></tr></table></td></tr><tr><td style="line-height:0;"><div data-open-tracking="true"> <img src="https://link.mail.beehiiv.com/ss/o/u001.52hRbZ5bjhIlawsIDKScVg/4o3/JFCwiDK2RJu6UFwueDId-Q/ho.gif" alt="" width="1" height="1" border="0" style="height:1px !important;width:1px !important;border-width:0 !important;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !important;margin-left:0 !important;padding-top:0 !important;padding-bottom:0 !important;padding-right:0 !important;padding-left:0 !important;"/> </div></td></tr></table></div></td></tr><tr id="content-blocks"><td class="email-card-body" align="center" valign="top" style="padding-bottom:15px;"><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center"><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> I can’t recall anyone ever saying it was a good time to get a job in journalism. But even by the industry’s usual standards, last week’s layoffs at the <a class="link" href="https://link.mail.beehiiv.com/ss/c/u001.FIK02fInvGXCNK3vQPbydX2TX2bVgL9wMkHYjIaKRxxgQc3SRH1l1PQxF5th1vhT9FSF8LmNf88tts23hAsxGELDMIWQuoAl7HLnBboZyObtWbqBjDzWqljEAJJNpKqFVhhLuFz_A2xNbIwrt0GOD9L4FuZNXLCuPAfICXM8d53Vw6--92dg8Peh_HQ9bYBuvaQbiDh01R7mulvLHe-fOjsZeoO_T66nWY-XuEj9pRA6d-iX1hSbpnBcGjnYQKF582jShRk49n_86gPOdK24z3mb55qXrzY5huAGxg-J2H9nB985GeCPEAvTnuOK_iEOXm3n_rBDV2x9Ln8xfsb6gd02d3LuZAFNxy2gQBZozGOT8woPSsB3xPKZA04XwIczz-5ttjBvYOVZMvSdYApu85nVJPeS5JqNo3TN-vu_btEz2JvOcsdJTF0n-8aWmEL1Jfb8RjV0Qfxj2CAn7OQq9T7uGmvjiKvgnD5h1aPANLBgYOW6hW0ElqwP3iiSwpbeZR-QGtOSDSRZDDskNtTU4IB2n8v5Ioi4WQdt7UpZgvVK6yz229GgieEzNt4-kLhBb3KK6Q0sK2heAdi9bUX4GORQxVV8fxi8cL1Rm_EeDyjJwixnjJtEyqaxBa4QEnmXD_rpIKaZULu7Tthc7KPIPXd9cgZmTX66oHSgL1puOIOay6er_Y4kINouUR2TYD-aR5H9NrceXB8pP1EQMWJmsZv-8eXDOUVsk2HQEvpE9R5w2ZLgr3dcpSAe8ADqyZ-X7cRKjusZLKngEz4iN8YTZ0UgqWf8aff6k5olScrwmswB6LTNbmuo8VfOkSJQIhS1DcUFJ2qn6_BqqfFyQ7U-b8i9robl2ZFzIc7KmWq0K9jw3gTd8ok8sLus2tvGEg8B/4o3/JFCwiDK2RJu6UFwueDId-Q/h6/h001.IXK4ep-YnXkBC21kV5Joure5N-SpPE4eS7JzdpqA920" target="_blank" rel="noopener noreferrer nofollow"><span><i>Washington Post</i></span></a><i> </i>were devastating. <a class="link" href="https://link.mail.beehiiv.com/ss/c/u001.xKky0oHbIR8GsvQMwFDbz_UDl6_uTW5khz4wsmk0hmfA9AQH7jLmlY4lsWsV85fjYY9sTIZ8Xfs-U0Kar6Fe_HOS5CaxYjZusLOEqnVtAdfP3WYNPO_qtHT7J2qE0h7PbI-fQY5cNX6eOWfl43TUR-sPxhcdqLjtxqDXWHHCM8Fl5TIHxez2VXM4wr2EhITrl7EPIE_bnqkX75L8crdsC9YA-qj7AvnsG3kCJBOv9spYQ2xlI-zvi6ZdITmAD0OkSNLGmIpWmQS8K95jhoYfQ-d6NWRVLLwP0YMJFHfIxQ_qP2Oi1k7MjS_GU3_6IrpYp14ohdFFEX3fBxkQpgh0FbWw_okRFXK9l7sGJon853FegIQ6v_eJ6bL-3FR_Gb5Q/4o3/JFCwiDK2RJu6UFwueDId-Q/h7/h001.11j8rbawoUcgp1fBv4mHMilvp3cTHJFucjJX-rnItbQ" target="_blank" rel="noopener noreferrer nofollow"><span>Nearly half</span></a> of the journalists at the third-largest paper in the U.S. were abruptly laid off, including its entire books and sports sections, a reporter <a class="link" href="https://link.mail.beehiiv.com/ss/c/u001.xKky0oHbIR8GsvQMwFDbzwcmijWHR_CFdJCBKFpDH5lrAmn9hhTxuLRY6Yn36AhjZQx2_J1ef-MyTvH--gDoeWpl7r6luRL0vpCXRraYDxVJilQRS_K6uHm8NTNy7wrT4nyeQDIG1EptnbmvRqiqlGJg2hFZ6DoxYnz8Fjnvv28IorjSF1t_lAdyRvkC2Ok3X6bcx0ff5024hmthHg8BBXWP6VjtZsPyKXlBZ8SE_DwVffd_ktQkO419PQXHu9PV/4o3/JFCwiDK2RJu6UFwueDId-Q/h8/h001.EZCnXrl2M5wE6dt0RauyZ2vxGSMN--83PWAz5ifk2yM" target="_blank" rel="noopener noreferrer nofollow"><span>in his eighties</span></a> who had been working there since 1965, and its Ukraine correspondent <a class="link" href="https://link.mail.beehiiv.com/ss/c/u001.xKky0oHbIR8GsvQMwFDbz8XzgQTYmTUoWJXmuOpgjbxEZdc-Wyi0-Fxz-wLVE_IS1QQnIK4vHMzN3gyd8okBr5gMX0QEaNMD15OvUzTFDMS9DvmXDMBaaduIHoayXYtM7BBbUP0m_8MP7-IFXFRKEMwhCXyOxX3I0aljOqEmgzUsi0KYc1lbzvl86N2tUJ3o59EplZ-ZCBVSNLBfDFK0zp2bys3FctXYiXZ0IDqWh_N0Gjj4q73NAG-fYx5QV30w4wE6jjLDDgTGmHAhEiOIW_AXqK3jl-CdtAL22w32O8UPLB0NzxJhn-_EjG_-6J2Q_w1D5NXo_JPytaCGRwcXdYHnppF-J5W6akK0eFCa8EY6-3EQRNs0Z6T6FVjl4N4BoS47hIbOUvUX_ePt2W2pwg/4o3/JFCwiDK2RJu6UFwueDId-Q/h9/h001.6X21-jmCk2hoYGW6QXsNxL3zDkFCD0B4luE_t5RvpjU" target="_blank" rel="noopener noreferrer nofollow"><span>Lizzie Johnson</span></a>, who was in the middle of an active war zone. </p></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> This was more of a solemn defeat than anything resembling a surprise. WaPo’s owner Jeff Bezos, who is currently the fifth-richest person on Earth, has spent the last couple years driving the news organization that broke Watergate <a class="link" href="https://link.mail.beehiiv.com/ss/c/u001.xKky0oHbIR8GsvQMwFDbz-cFmKiqCtye2BF5v3rSztvwv0XdEFvV6yRbD-4v33kXr5gga_zPxPH0rfGgJdG3ZK1_JsDMZmar4G2YE-Jhy6V5ASn3GMA3mtcHo1zqhTwQtYTEVQ4lwchtsMvLi52CZzFxJv5BI13748tO934IXoHREUGT7DkoGx6lcERj6WhadTJaTUa14v0_fD7Ru63W5ljVa4SnRiG9oBOsiXn5FPVZ2V-gRedh6COtjOTf7mmTDx1tXtA9HWoGEm8911fD3e475Th9MicRJptvTOUUWW52B2ogBhA_u8z8haflR_lSibSiclwBedRZ-gjpanncYjYLpSrMK2GLv74E2z0oSsA/4o3/JFCwiDK2RJu6UFwueDId-Q/h10/h001.bNows8EMG9aZRYtzhBdXJn4mfz8o3l7wSoVb5VsYRjA" target="_blank" rel="noopener noreferrer nofollow"><span>into the ground</span></a>. The entire industry <a class="link" href="https://link.mail.beehiiv.com/ss/c/u001.xKky0oHbIR8GsvQMwFDbzwuz0IBeb4lpegMeCkMqo9GufaN14kz7Lbg2xA5cbddjHkuePoibsYYcTc9AP6SnF3jVW35RUICgJWD95Dz3BI6uPZlt2y5P77ftxqI5pDSDTJKO_qNYhw7NHM8SddZngg9uqYqu15SSH7e9jFdM5EK0heTSCaMlUi3_0KI-oAnGA7jsFVQAq-HCQwr5B4Yy100lYGpDLpY-6pUmHSohx1xs3yB2aDyBCLiOwC0q6Z7TLyZZGz3AEJCGQ1ZBw6n9BxhU9Fa_DtLI6xgLj0SadXVG5DPu6UmDg9qaGwA1MP5f/4o3/JFCwiDK2RJu6UFwueDId-Q/h11/h001.QyUK7uW88owfLvbnUfHTx2Fy8MFTJT3mMN4Ydxq-LZ8" target="_blank" rel="noopener noreferrer nofollow"><span>isn’t dead yet</span></a>, it’s just shrinking at an alarming pace, like sea ice in the Arctic. Some journalists are surviving as freelancers and going independent, launching their own publications as newsletters and websites and podcasts and social media pages. I can attest to that, since it’s what I did after I got laid off from <i>NBC News </i>last year. I’m used to seeing people talk about the limits of this form, how not everyone can do it and how it can’t fully replace what has been lost. They’re not entirely wrong, but that’s also not the whole story. Independent, worked-owned journalism has also met needs, filled gaps, and succeeded for a growing number of people. </p></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> To talk about the ups and downs of publishing hard-hitting journalism in the newsletter ecosystem, I chatted with <a class="link" href="https://link.mail.beehiiv.com/ss/c/u001.xKky0oHbIR8GsvQMwFDbzwjnF6jV2Kv8d9QvCD3cvQNuybh-VR0ZwzM6CS81h2BvrqZx8dv6bWQ5xE7NgEwEsoFUQ9w9nQz-Vr26ykxNmSZn_kdIzMDas84Pdo5W1S_89pKMnxF-1K2DMKqE2boQS0I3K8yeljTD-_5vhHS8j2ll0TIFIhCBnfQRM01l-lg8BJkyhV6FgO79_CQOiLtmyxi9krj-ZeIQ1wJ6HHIXsEX-CNaALQB-HVmhp7m8frEb/4o3/JFCwiDK2RJu6UFwueDId-Q/h12/h001.UIRPQQCSyvHvA9lZKZmcXV4ro_wzComqiOWw_gdkRWw" target="_blank" rel="noopener noreferrer nofollow"><span><i>404 Media</i></span></a>’s Jason Koebler and <a class="link" href="https://link.mail.beehiiv.com/ss/c/u001.xKky0oHbIR8GsvQMwFDbzzuuz8CDUTlmLLr1P9dTYz0rnUXEUK64io8LgiUn9vqW40tG-3IOxdLoTRL6ShMkKf1uJyU9VXWhrUMIocu4kstK0bJ9muo_HUbuqfzLQUyeuJ6j44B42dxf1j-DBMFez6J92uS9aMogoqAWDkS236P0zJtLC7a1xcpdXle2M2FDnUouBNAtqhyyJo_h-Y38im56AlMdsL2djL4CEEwVtcMQ-umtsrTeU4EzOkjSP5kKakONOJrCQBkqJFkWousgZA/4o3/JFCwiDK2RJu6UFwueDId-Q/h13/h001.GtRxDKZhKfdVhVdP1uYVGfpzwsjKUcnHOgv1e0yl-Kc" target="_blank" rel="noopener noreferrer nofollow"><span><i>The Handbasket</i></span></a><i>’</i>s Marisa Kabas, whose scoops and reporting have outpaced some legacy newsrooms with a fraction of their resources. </p></td></tr><tr><td class="dd" align="left" style="padding:0px 15px;text-align:left;word-break:break-word;"><p style="mso-line-height-alt:150.0%;"> I also have some exciting news to share about this newsletter, which is that <i>Spitfire News</i> turn 1 year old in two weeks! And to celebrate, I’m throwing a little soirée in New York City for friends and members. There will be more details after the break, and I hope to see/meet some of you there! </p></td></tr><table role="none" width="100%" border="0" cellspacing="0" cellpadding="0" align="center" style="background-color:#FFFFFF !important;color:#2D2D2D !important;margin-top:15px;padding-bottom:calc(15px * 2);padding-left:15px;padding-right:15px;padding-top:15px;"><tbody className="email-paywall-break-body" style="background-color:#FFFFFF !important;color:#2D2D2D !important;display:table;width:100%;"><tr><td align="center" valign="top"><img src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/publication/logo/2f1777da-4def-4e85-977b-495bb18a0532/thumb_Screenshot_2025-02-03_at_11.48.19_AM.png" alt="Spitfire News" height="auto" width=48 style="height:auto;max-width:48px;padding:15px 0px;" border="0"/></td></tr><tr><td class="dd" align="center" valign="top" style="color:#2D2D2D !important;font-weight:600;padding:0px 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