“Faber’s Got It”

How did CNBC’s David Faber “beat the world on Tuesday morning by disclosing that Rupert Murdoch was trying to buy the Wall Street Journal’s parent company, Dow Jones?” The same way he gets most of his exclusives: “by working the elite circle of bankers, lawyers and executives who are involved in such deals,” Howard Kurtz reports.

“It starts with one person saying one tiny thing, and then another person gives me something, and then I call a third person,” Faber says. He got five sources before calling News Corp. for comment. “People called and told Rupert, ‘Faber’s got it…'”