Sludge
Investor Due Diligence Report
ghostMedia
Investigative journalism on money in politics
Investor Due Diligence Report
Investigative journalism on money in politics
3K
~0%
Subscriber count is a platform estimate
Pricing
$10/mo
$100/yr annual option
$2K
~210 est. paid subs
$928/mo – $3K/mo(±50%)
0.1
0.00%
(comments + likes) / subscribers
~2x per week
2.3 posts/week
70/100
Consistent (~3.2d avg)
| Newsletter | Subscribers | Weekly Growth | Price | Platform |
|---|---|---|---|---|
| Steady | 540K | +0.1% | $5/mo | substack |
| Big Think | 414K | +0.9% | $15/mo | substack |
| Seymour Hersh | 238K | N/A | $6/mo | substack |
| News Not Noise | 186K | -0.3% | $9.99/mo | substack |
| FactsHQ |
| Month | Subscribers | Est. Revenue | Change |
|---|---|---|---|
| Feb 2026 | 7K | $4,328.33 | — |
| Mar 2026 | 3K | $1,855 | -57.1% |
| Apr 2026 | 3K | $1,855 | ~0% |
| May 2026 | 3K | $1,855 | ~0% |
| Jun 2026 | 3K | $1,855 | ~0% |
Platform Dependency
Uses ghost platform
Publishing Consistency
Regular publishing schedule
Key Person
Single-author publication — key-person dependency
Revenue Model
Active paid subscription tier
Subscriber threshold
3K subscribers — above the 3K category median for first paid tier
Has paid tier
Active paid subscription offering
Peer monetization
100% of 346 similar-size peers in Media have paid tiers
Pricing position
$10/mo vs $6/mo category median (844 newsletters)
| Date | Monthly | Annual |
|---|---|---|
| Feb 2026 | $10 | $100 |
| Feb 2026 | $25 | $240 |
Disclaimer: This report is generated automatically based on publicly available data and proprietary estimation models. Estimated subscriber counts are derived from engagement patterns and should be verified through direct disclosure. Revenue estimates are based on known pricing and estimated paid subscriber counts. This report is for informational purposes only and should not be the sole basis for investment decisions.
| Component | Score | Weight |
|---|---|---|
| Engagement Rate | 26/100 | 30% |
| Publishing Consistency | 48/100 | 10% |
| 137K |
| N/A |
| $7/mo |
| substack |