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by mannykannot
1900 days ago
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> Basically, the info has a certain amount of value, that doesn't really go down. I was thinking of the value of the news to Bloomberg, which was mentioned in the article: At Bloomberg, scoops about deals are highly valued, because beating competitors like Reuters or Dow Jones helps to justify the high price of a terminal, which carries rich veins of data along with news, at a reported cost of around $24,000 a year. The terminals constitute the company’s core business. If the information is deemed important, then, as soon as Bloomberg is confident in the information's accuracy, it will publish. Once Peltz had a record of giving reliable tips, that would likely happen quickly. https://en.wikipedia.org/wiki/Scoop_%28news%29 |
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