exclusive vs privileged

exclusive is a noun but privileged is not a noun.

Word	Noun	Adjective	Verb	Adverb
exclusive	Yes	Yes	No	No
privileged	No	Yes	No	No

exclusive (noun)	privileged (noun)
a news report that is reported first by one news organization

exclusive (adjective)	privileged (adjective)
excluding much or all; especially all but a particular group or minority	blessed with privileges
not divided among or brought to bear on more than one object or objective	confined to an exclusive group
not divided or shared with others	not subject to usual rules or penalties