/ A hosted platform, or a stack you own
A hosted platform got you publishing.
Who owns the audience when you scale?
Substack, Medium, Ghost Pro and the big publishing platforms are genuinely good products, and for a new title they are often the right call. The strain shows later — when your archive is a hundred thousand stories deep, your ad and consent setup needs real control, and the bill scales with every subscriber and pageview.
Product names are referenced for comparison only and belong to their respective owners. If you're launching a small title and shipping a newsletter, a hosted platform is very likely the right answer and I'll tell you so on the call.