I know a lot about that industry, and I've never understood this. What money? How do you make money off reporting a story 20 minutes before another reporter? I don't understand the financial component of that.
I go to who's generally correct before I go to who's first. Yes, I do understand that if you're on a story that nobody else is, there's value to that. THAT is what the journalism game is about.
However, reporting "first" on a story that is unfolding before everybody's eyes by the minute carries no value. Just get it right.