Platform with algorithm vs owned-audience newsletter.
| Medium | Substack | |
|---|---|---|
| Audience ownership | Limited (Medium's readers) | You own the list |
| Distribution | Algorithmic boost possible | Email + Substack network |
| Monetization | Partner Program | Direct subscriptions |
Already-established writer, want algorithmic reach, hate managing lists.
Want to own your audience, build direct relationship, long-term moat.
Substack for career writers building audiences. Medium for hobby writers who want occasional reach.