Terms and Conditions for a Paid Newsletter or Substack-Style Publication
Subscription billing, content licensing, and syndication rights a paid newsletter's terms need, distinct from a membership site's community-access rules.
Substack
5M Paid Subscribers: Substack Writer Data 2026
Substack passed 5 million paid subscriptions in March 2025 and reached a $1.1 billion valuation after its July 2025 Series C. See 2026 data on writer earnings, platform fees, and what Substack's own Terms of Use means for your liability.