WAN-IFRA

A publication of the World Editors Forum

Date

Thu - 23.10.2014


Felix Salmon

Felix Salmon of Reuters put forth a controversial business proposition involving The New York Times in an article yesterday: why not charge hedge funds a fee in order to receive breaking news of investigative stories a full trading day before publication?

Salmon came to this conclusion when the value of Wal-Mart’s shares plunged after the Times published an exposé over the weekend about alleged bribery of Mexican officials by the company, he said in the article.

Noting how much the piece affected the stock market, Salmon suggested that the Times could take advantage of this influence by allowing corporate clients early access to such investigative material for a price, which could supplement the paper’s losses in revenue.

“But how much would hedge funds pay to be able to see the NYT’s big investigative stories during the trading day prior to the appearance of the story?” Salmon wrote. “It’s entirely normal, and perfectly ethical, for news organizations, including Reuters, to give faster access to the best-paying customers.”

Author

Gianna Walton's picture

Gianna Walton

Date

2012-04-25 16:21

It's a fascinating question with the anticipated answer of "yes, of course blogs are changing journalism"--a kind of knee-jerk response that celebrates social media and the way in which the modern newscape has become more democratically leveled and networked--whereas, upon deeper reflection, this is followed by a more nuanced response that perhaps blogging has changed the style, delivery, and consumption of the news rather than changing the hallowed principles of professionalism, ethics and accuracy in the field of journalism.

What do you think? Yes more than no ... or the other way around?

In his blog for Reuters, titled "A slice of lime in the soda," Felix Salmon responds to a series of interview questions from Benzinga's Laura Hlebasko that are elucidating enough in their raw form, but for the purposes of this entry are boiled down to the essentials in answering the question about blogging and its impact on journalism. Hlebasko asks of the difference between writing a story for traditional print media versus writing a blog entry for Reuters, to which Salmon responds there are "big differences" in the writing form, that with a blog his voice is more conversational and situated within the context of an ongoing dialogue within the network of other blogs on the topic and even with himself (seen in updates to the entry as more information comes to light).

Author

Ashley Stepanek

Date

2011-03-17 16:00

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