> Embargoes allow real journalists to do better research

That's true, but basically irrelevant because "real journalists" (by that definition) are only slightly more common than unicorns.

And it's irrelevant even wrt real journalists because the significant value that they actually add is their "scoop". If readers don't care, if they're satisfied with the reprinted press-release, ....

Perhaps, but most bloggers wouldn't bother doing the research anyway. There are two kinds of news sources these days; blogs for instant facts, and real news sources (NYT, etc.) for actual thoughtful analysis. I would never expect the NYT to be first on any story, but I do expect it to be a good read. Usually my expectations are met.

Anyway, TC is not journalism, it's a blog.