Former Axios markets reporter and Yahoo Finance managing editor Sam Ro announced Thursday that he is setting out independently on Substack with a markets newsletter, reports Rudy Takala of Mediaite.
Takala writes, “The move for Ro comes after a 15-year career of reporting on global markets, which he began as a researcher and contributing writer for Forbes’ stock-picking newsletter. He joined Business Insider as an editor five years later, and took the helm as a managing editor at Yahoo Finance in 2016. He joined Axios earlier this year to author its markets newsletter but announced in September that he was leaving for a new opportunity, without addressing speculation about where he was heading.
“In an exclusive interview, Ro spoke with Mediaite about the move to Substack, and how he plans on building his new brand, tker.co.
“Mediaite: What prompted the move to Substack after you spent more than a decade in coveted positions at traditional outlets?
“Ro: I’ve toyed with the idea of going independent for a while. I started thinking about it pretty seriously late 2020. I’d accumulated a healthy amount of savings. And I had and continue to have no major liabilities: no mortgage, no student debt, no kids, no major medical issues. But at the time, it wasn’t enough savings to buy the time I thought I’d need to make this a viable bet.
“Substack’s pro deal offer was going to give me the extra runway I thought would enable me to give this a serious try.”
Read more here.
