The Richmonder

Investor Due Diligence Report

ghostMedia

Local news that matters, with unbiased reporting on the issues Richmond cares about.

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Key Metrics

Subscribers

Low confidence

Weekly Growth

~0%

Subscriber count is a platform estimate

Revenue Analysis

Pricing

$9.99/mo

$115/yr annual option

Est. Monthly Revenue

$2K

~210 est. paid subs

$1K/mo – $3K/mo(±50%)

Quality & Publishing

Audience Quality Score

54Fair

0100

Publishing Pace

Daily

21.9 posts/week

Publishing Consistency

94/100

Very Consistent (~1.1d avg)

Competitive Landscape (Media)

Newsletter	Subscribers	Weekly Growth	Price	Platform
Popular Information	541K	-0.1%	$6/mo	substack
Under the Desk News	184K	-0.3%	$7/mo	substack
The official Ryan McBeth Substack	132K	-0.4%	$5/mo	substack
Died Suddenly's Substack	109K	N/A	$5/mo	substack

Revenue Trajectory

Estimated monthly revenue over time

Month	Subscribers	Est. Revenue	Change
Feb 2026	5K	$3,396.87	—
Mar 2026	3K	$2,038.12	-40.0%
Apr 2026	3K	$2,038.12	~0%
May 2026	3K	$2,038.12	~0%

Risk Assessment

Key risk factors for due diligence

Medium

Platform Dependency

Uses ghost platform

Low

Publishing Consistency

Regular publishing schedule

Medium

Key Person

Single-author publication — key-person dependency

Low

Revenue Model

Active paid subscription tier

Monetization Readiness

Monetization status

Subscriber threshold

3K subscribers — above the 3K category median for first paid tier

Has paid tier

Active paid subscription offering

Peer monetization

100% of 353 similar-size peers in Media have paid tiers

Pricing position

$9.99/mo vs $6/mo category median (864 newsletters)

Pricing History

Date	Monthly	Annual
Feb 2026	$10	$115
Feb 2026	$30	$325

Data Quality

Report Data QualityPartial - Some metrics estimated or missing

Subscriber Confidencelow

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.