True story: When Drudge broke the Lewinsky story, I happened to be working at a newspaper. We and the rest of the world obviously were scooped, but our paper was even a day later than many other papers on publishing the news. The publisher had decreed that only local news could go on the front page, and the national-news page had already been sent to film when the story broke. The guy who was wire editor would have feared for his job if he put it on the front page and bumped some local story. The publisher later said that "we" dropped the ball on this.
We might as well have just gone out and bought a buggy-whip factory.