This is a really interesting approach.. quoting the Y! architect featured in the article:
When breaking news happens (like the Mumbai bombing, Hudson River plane crash, or wildfires), it’s difficult for traditional news sources to discover and prioritize all the information in a timely fashion. It can take several minutes or hours for traditional media to converge on the important stories. However, new social media outlets like Twitter are breaking these important stories faster than traditional media. By looking at the number of users chatting about these topics, one can measure the future newsworthiness of a very fresh story despite its potentially minimal traditional news coverage at that moment.
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