I know. The traditional press release is dead - pronounced so by BL Ochman over five years ago. Yet I detect a slight pulse and here's the case for resuscitation:
- The discipline of writing the news in one short sentence is invaluable. Even if you don't use the release, it informs your telephone pitch.
- The process of drafting and approval should force practitioners, clients and bosses to interrogate their motives: is it more than advertising? is it news? is it a national, local, trade or internal only story?
- There are more audiences for public relations than the media. Others still pay more attention to 'news' or 'news release' (both are preferable to 'press release') than, say, 'memo'.
- Companies with no news (ie no news releases on the web) look moribund. As Intel's Andy Grove famously put it, 'there are two types of companies - the quick and the dead'. What's (not) going on at Vodafone?
The formal corporate announcement – aka the “press release” -- is of course a required element of material disclosure and stakeholder communications. According to a recent survey, however, many companies still like to announce bad news on a Friday afternoon thinking they’ll minimize "negative" media coverage. Here are five reasons why doing this actually makes things even worse (with comment from a financial business reporter who says he lives to find bad news in late-afternoon filings).
Posted by: Steven Silvers | Sunday, October 30, 2005 at 05:59 PM
Thanks, and for alerting me to your blog (link added to the right).
Posted by: Richard Bailey | Monday, October 31, 2005 at 11:20 AM