It’s a completely different place in many respects. Breaking news has become a tougher business unto itself. When I first started, the Holy Grail was to publish your scoop in the New York Times, and you’d be able to hold onto it for 24 hours. Now, you have your scoop at 5:02 p.m., and someone will have matched your scoop by 5:05 p.m. In some part, it’s ephemereal.
Breaking news is important, and investors are always interested in new news. But I think there’s more of an appetite now for more analysis. If Dealbook does anything, I hope it does anything, explaining what comes next and how the dominoes will fall.
Aggregation has changed. When I started doing this, I was literally in my pajamas at 4 o’clock in the morning, linking stories all over the Internet. Back then, nobody did that. Blogs didn’t exist. Twitter didn’t exist.
— Andrew Sorkin, Founder, Dealbook.