Newsletter platform Beehiiv has launched a 'Beehiiv Media Collective' to support independent journalists. The initiative includes a multimillion-dollar commitment to provide health insurance stipends, backend tools for accounting, and other resources. Beehiiv's investment aims to transform newsletters into the next generation of newsrooms, reflecting a significant shift in the company's strategy towards more sophisticated content and support for journalism. The news was reported by Sara Fischer from Axios.
beehiiv is investing millions on a hunch that newsletters are the next newsrooms https://t.co/NcebqpHIyf
I think what I love most about this: feels like Beehiiv is growing up. I love the platform, but I haven't enjoyed how heavily the marketing to date focused on internet lulz & twitter folk. This will get more sophisticated voices on the platform. Love it. https://t.co/mUR9tGMVGU
Love this push by @beehiiv to support independent journalism https://t.co/elzqFKpHk5