Today, the factors that are important in journalism are still speed and automatisation – factors, by the way, that were responsible for starting the financial crisis.
While the tension between the "accuracy, tone and context" of print journalism and the speed of Internet reporting is a challenge for the paper, it seems that the continued use of anonymous sources is at the root of many of The Times's most egregious errors.
Before resigning as News International chief executive because of the phone-hacking scandal, Rebekah Brooks conquered the macho world of tabloid journalism with astonishing speed.
This sort of reporting error results from the speed of journalism in the Internet era, and from the increasingly widespread belief that an art work's monetary value is its most newsworthy feature.
The advent of Web 2.0 has resulted in greater citizen journalism resulting in increase in the speed of dissemination of information using multiple online social media like social networks, blogs, emails, photo and video sharing platforms, bulletin boards etc.
Thanks to the speed of internet-based journalism, he says, "no White House has ever enjoyed the luxury that this one has, in which its arguments and talking points can be advanced on a day-by-day, minute-by-minute basis".
That's especially hard to do when the technology is speeding the pace of journalism.
Might the film also be a reminder of the importance of old-fashioned print journalism in the new digital universe, where speed and online traffic numbers seem sometimes to trump reporting depth and integrity?
It's the kind of thing that causes ethicists of journalism to stroke their chins at double-speed and could outright kill the more delicate newsroom ombudspeople.
He owns the largest-circulation newspaper here, a right-leaning tabloid which he calls "fair and balanced" but which some competitors denounce as speeding the decline of good journalism.
Gyllenhaal stars in the film as Lou Bloom, "a driven young man desperate for work who discovers the high-speed world of L.A. crime journalism".
