Nilay Patel talks to Chris Best, cofounder and CEO of Substack, the subscription newsletter startup that’s taken the media industry by storm over the past few months.

The conversation explores how Substack's business model could potentially impact the media industry, but also dives into the basic questions about running a media company -- how Substack makes money, how it’s going to scale while offering additional services to writers, like legal protection, and, of course, content moderation.

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