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Murdoch Finally Succumbs To The Notion That Rich People Are Willing To Pay For Exclusive Financial News
Philip M. Stone January 29, 2008
There’s an old saying in the financial news world –“he/she who has the news first is all powerful, he/she who gets the news second is often powerless.” That’s why the likes of Reuters and Bloomberg make millions of any currency you care to name in selling their financial news first to those who are willing and able to pay for it. When the rest of us see most financial news for free on the web it’s way too late to make the buy/sell decisions that will provide the ultimate profits or stop the worst losses, for those who paid got into the market first.
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