“Salmon in turn argued that it isn’t really important *when* regular readers get access to news stories, and so it wouldn’t matter if the Times sold early access to its scoops and then gave them to everyone else later. But it’s not hard to think of examples where these two would be in conflict — what if there was an investigative story about a prescription drug that had dangerous side effects, something that might affect the share price of the drug company? Who gets to see that story first, the general public or the hedge funds?”

What is the purpose of a newspaper? — Tech News and Analysis

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