Medium, the digital publishing platform started by Twitter co-founder Ev Williams, is once again courting publishers after dumping them last year
The company revealed on Monday its plans to fund and distribute new publications, inviting editors and publishers to apply for its new program. It's a familiar pitch for Medium, which acknowledged in the announcement that it had previously done deals with third-party publishers. The company said it"fulfilled those contracts but did not end up renewing them." Sites such as ThinkProgress and The Ringer had previously partnered with Medium, though both have since left.
"Read More"When we say quality, we mean more than good writing ," the announcement said."We also mean information quality — accuracy, insightfulness, and offering something uniquely valuable to the reader."The company said it will pay publishers"a revenue share based on readership," which in some cases can range from $5,000 to $50,000 a month. The contracts will range from three to 12 months.The company is now focused on producing original publications.
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