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Dan Phelan, an intrepid reporter for Union Newsreel, always gets the human slant on a story. Dan has a contentious, yet affectionate relationship with company president Amos Starke, who doesn't want him to realize just how good he is at his job. Amos assigns Dan to cover an air show accompanied by young Bob Starke, Amos' son and a heavy drinker with an inferiority complex. The air show is interrupted when heiress Wilma Howell does daring stunts in her auto-gyro, a combination airplane and helicopter. Bored with her idle life, Wilma wants to do something exciting, but her father, J. Fenton Howell, forbids her to work for his Globe Newsreel Co. Dan deduces that Wilma is spoiled and sheltered when her father threatens to sue Union if they release scenes of her flying. When he is sent to cover a horse race, Dan meets Wilma at the Howell stables, and she pretends to be a Miss McCloskey. Later, when Dan sees a suspicious pair administering drugs to a horse, he photographs them and develops the film in time for the judges to cancel the race, although the criminals manage to steal much of the footage. Amos berates Dan for allowing the film to be stolen, and Dan conceals the fact that the theft was Bob's fault, but later earns Amos' approval when he catches the crooks in the act of trying to steal the remaining footage. On a date with Wilma, Dan imagines dramatizing and re-enacting the events at the racetrack for a newsreel, and he later sells Amos on the idea, but Union's rivals at Globe spy on them, steal Dan's idea and get their product to the theaters first. When Dan goes to the Globe to protest, he finds Wilma in the office and learns her true identity. Believing that she has betrayed him, Dan gets drunk at a dive run by a matronly and kindhearted singer named Vi. Vi reveals that it was not Wilma, but Bob who unwittingly exposed Union's plans to Globe when he was drunk. In the meantime, Amos dispatches Bob to hunt down the racetrack crooks, who have escaped from prison and taken Wilma hostage. Dan, who had been intending to apologize to Wilma, pursues the fleeing criminals and catches up with Bob. They corner the convicts, and while Dan engages them in a fight, the now-confident Bob expertly photographs the scene. The wedding of Dan and Wilma is covered by the new, combined company of Globe-Union Newsreel; however, the ceremony must be concluded inside a speeding car when Dan is called away to cover a fire.