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Blogonomics: Breaking News

I'm glad that Jeff Bercovici has fisked the NYT's silly article on the hazards of blogging, because it means I don't have to. Instead, I can look past the idiotic central thesis to one of the pieces of supporting evidence:

One of the most competitive categories is blogs about technology developments and news. They are in a vicious 24-hour competition to break company news, reveal new products and expose corporate gaffes...
Speed can be of the essence. If a blogger is beaten by a millisecond, someone else's post on the subject will bring in the audience, the links and the bigger share of the ad revenue.

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