We've worn out the idea that yesterday's news doesn't cut it anymore in this fast-paced uber-connected world. There's good journalism at every time scale.
I’m not going to complain about the New Yorker for being print-first and not very interested in audience interaction. I don’t think that’s the right approach for most media outlets but it works for them and they have some kick-ass journalism going on. WIRED has an amazing online presence but I really only read the monthly magazine, which by the way always arrives two weeks too late here in Belgium, so depending on their editorial calendar the reporting I’m reading is 4-6 weeks old. I don’t mind. And when I’m reading a day-old newspaper on the train, I don’t mind either. So in that sense, I do agree with Godin when he says that the value of breaking news is overrated: there’s room all over the spectrum, for live reporting, for enterprise stories that take months to produce, and yes, for day-old news.
Now, the more interesting question is: when you stop hunting for breaking news, is there anything you can do with the time you’ve gained? Can you provide a service that is perhaps more valuable than breaking news to your audience if only they’ll humor you while you’re slow-cooking? Answer that, and you know what to do.