What was read
7 companies placed; 0 read during October 2026.
- BeehiivSep 30, 2026
- KitSep 30, 2026
- ButtondownSep 30, 2026
- GhostSep 30, 2026
- Platform fees on paid newslettersSep 30, 2026
- Writers starting a paid newsletterSep 30, 2026
- SubstackSep 30, 2026
Gaps closed and opened
4 themes were raised about two or more of 5 read companies; 1 shares no word with anything a company declares. Against the previous month: 1 gap opened and 0 closed (0 now share a word with a declared capability, 0 no longer raised about two companies). Themes are compared by their words, so a theme the reading reworded counts as one closed and one opened.
- Opened · 1
- Customization and branding
- Now answered in the declared names · 0
- —
- No longer raised about two companies · 0
- —
- ◌ Customization and brandingraised about 2 of 5 · no declared match
- ● Free tier, trial and paywalled featuresraised about 2 of 5
- ● Billing, fees and cancellationraised about 2 of 5
- ● Manual work and automationraised about 2 of 5
Who entered
0 companies placed; 5 products sighted by a search and not yet read (HeyNews, Nashra, Sequenzy, Eventually, Riverside).
Pricing moves
7 of 7 read companies have a pricing entry on record; none recorded a pricing change this month.
- Ghost [COMPANY CLAIM] Sep 30, 2026Ghost(Pro) offers four tiers — Starter, Publisher, Business, and Custom — with no free tier. Starter starts around $15-18/month (annual billing) and caps at 1,000 members without paid-subscription support; Publisher starts around $29/month and scales with audience size; Business starts around $199/month with a 10,000-member ceiling, more staff seats, and advanced analytics; Custom/Enterprise pricing is available on request. source
- Beehiiv [COMPANY CLAIM] Sep 30, 2026Beehiiv's current pricing tiers are Launch (free, up to 2,500 subscribers), Scale (billed at roughly $49/month monthly or $43/month annual), Max (roughly $109/month monthly or $96/month annual), and custom Enterprise for 100,000+ subscribers. source
- Kit [FACT] Sep 30, 2026Kit's Creator plan starts at $39/month (or $33/month billed annually) for up to 1,000 subscribers, and Creator Pro starts at $79/month (or $66/month annually) for up to 1,000 subscribers; the free Newsletter plan supports up to 10,000 subscribers. source
- Buttondown [COMPANY CLAIM] Sep 30, 2026Buttondown's pricing page reportedly offers a free plan for the first 100 subscribers, with paid plans starting at $9/month for up to 1,000 subscribers, scaling by active subscriber count. source
- Platform fees on paid newsletters [FACT] Sep 30, 2026Substack takes a flat 10% platform fee on gross paid-subscription revenue with no monthly platform fee, on top of Stripe processing of roughly 2.9% + $0.30 per transaction; this fee structure has reportedly been unchanged since Substack's 2017 launch. source
- Writers starting a paid newsletter [FACT] Sep 30, 2026Substack charges no monthly platform fee but takes 10% of paid subscription revenue plus ~3-6% Stripe processing, while beehiiv and Ghost charge 0% on paid subscriptions (beehiiv plans from $49/mo at 1,000 subs; Ghost Publisher plans around $29/mo). source
- Substack [COMPANY CLAIM] Sep 30, 2026Substack charges writers no monthly platform fee for publishing, whether free or paid, and instead takes 10% of paid-subscription revenue plus Stripe's processing fees (~2.9% + $0.30 per transaction); this fee structure has reportedly been unchanged since the company's 2017 launch. source
What users raised
13 themes raised by users; the most raised: Billing, fees and cancellation (2 of 5), Customization and branding (2 of 5), Free tier, trial and paywalled features (2 of 5).
- Billing, fees and cancellation 2/5
- Customization and branding 2/5
- Free tier, trial and paywalled features 2/5
- Manual work and automation 2/5
- 10% revenue cut on Substack at scale 1/5
- Complexity, setup and learning curve 1/5
- Customer support 1/5
- Data export and lock-in 1/5
- lack of growth tools on Ghost 1/5
- Notes algorithm reach reduction 1/5
- percentage model becomes costliest line item at scale 1/5
- Price increases 1/5
- tracked links still use Kit's default tracking domain 1/5
Funding by quarter
Withheld: something was read in 1 of the last 8 quarters. A series needs at least 2 to say anything a single reading does not.
The ledger this month
0 observed claims recorded this month.
How big this market is, as its publishers state it
No market-size figure has been recorded for this level yet. Not read is not zero.
Research-house estimates for this sector, carried side by side under each house’s own name. Estimates of one market can differ several-fold; none is averaged, and none is Forge’s.
No publisher is named for this level yet, so there is nothing to read from. Publishers are authored in the taxonomy and arrive with a deploy.