This is going to be interesting. Last month, CNN media reporter Oliver Darcy announced he was leaving in order to start his own subscription-based newsletter called “Status.” CNN said it would replace Darcy as the lead writer on its “Reliable Sources” newsletter, but it wasn’t clear who that person would be or when it might happen.
On Tuesday, it was announced that Brian Stelter — Darcy’s predecessor at CNN — would be returning as the network’s chief media analyst, and that he’ll be back at the helm of the “Reliable Sources” newsletter next Monday. His old television show, also called “Reliable Sources,” will not be back, but Stelter said he expects to pop up on a number of CNN programs to talk about media topics.
This is very good news for people who care about the media, as Stelter and Darcy are both outstanding. But let’s cut to the chase, shall we? Darcy is charging $14.95 a month — triple what solo newsletter writers normally charge, but no doubt what he calculated he needs to make ends meet. Stelter’s newsletter presumably will be free, although that caveat is important given that CNN chief executive Mark Thompson is reportedly developing some paid products.
Here’s what Stelter had to say about the looming competition:
All the while I remained an avid reader of “Reliable Sources,” and especially admired Oliver Darcy’s fearless reportage, as well as his decision to launch Status last month. I’m rooting for Oliver and, as I have told him personally, I think we’re going to complement each other wonderfully.
And here’s Darcy’s take:
It goes without saying, but I am very much looking forward to Stelter’s second act at CNN. As I’ve said before, he has been a first-class mentor to me. Now, I look forward to him being a first-class competitor!
Darcy’s challenge is that though Stelter’s newsletter may be the most similar to what he does, there are also a number of other media newsletters, and most of them are free. Indeed, the author of one of them, Tom Jones of the Poynter Institute, devoted the top of his morning round-up today to Stelter’s return.
As you may recall, Stelter was one of a handful of high-profile people who were fired by Chris Licht during Licht’s brief stint as CNN’s top executive. Stelter had emerged as an important voice in speaking out against then-President Donald Trump’s war on journalists, who he called “enemies of the people,” and the new owners of CNN apparently believed Stelter was too hot for them.
The ownership hasn’t changed, but fears that CNN was going to turn into Fox Lite proved unfounded, and Stelter — who’s been busy as a freelancer — has popped up frequently on CNN’s air in recent months. Darcy, meanwhile, established a reputation for independence right from the start and wrote a number of newsletter items that must have made Licht extremely unhappy before Licht himself was finally shown the door.
I hope there’s room in the burgeoning media newsletter universe for both Darcy and Stelter. But, as I said, I have to wonder how paid can compete with free if they are both mining essentially the same ore. Best wishes to both of them.
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