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National Business Media, PR And Newtonian Theory

01/08/2014 By Jayme Soulati

If you’ve kept abreast of news about national business media of late, you’d know a few are on the auction block while others are undergoing close scrutiny about revenue and future performance. Still more venerable brands are splitting partnerships.

What does this have to do with media relations, the arm of the public relations discipline oriented to earned media – getting stories to appear in news outlets based on the strength of clients’ news?
It is turning the entire media chain on its head; let’s take a closer look:

  • National media need owners with deep pockets.
  • Business leaders in the executive suite are leaving in droves.
  • Journalists writing for the publication know their necks are on the chopping block, too.
  • Editors are trying for business as usual, while crooking the head over the shoulder to see what’s coming.
  • Media relations experts who have built strong relationships with these business reporters now find these relationships drying up with uncertainty and the inability to say “maybe” to a national news story.
  • Clients who shell out oodles of retainer fees to agencies that promise results by way of earned media now may be seeing less positive confirmed responses about media relations projects.

I bet you didn’t know that Newtonian theory applied to national business media and PR did you?

So, what’s a guy to do? I’m just going to come clean and say, “Run, and take cover!”

Forbes is for sale. Fortune is splitting from CNNMoney.com due to a Time Warner divestiture, and Bloomberg Businessweek is under review in spite of its new found success being owned by Bloomberg Media. Time, Inc. is seeking new ways to improve its bottom line while Money magazine is also part of the split from CNNMoney.

Why The Shift in National Business Magazines?

The reason is quite simple; digital. Advertisers are truly hungry for more reach for the dollar, and the way to make this happen is by making websites work on higher digital scale than in the past.
Everyone knows how critical advertising revenue has been for journalism. It’s the elephant in the room. With now playing strong, business media executives are becoming hot commodities for this expertise so magazines can strengthen revenue.

Online publications designed for smart devices create opportunities for media to build new ad streams, too. If these, sometimes archaically thinking executives don’t get on board with digital and online publishing, then opportunities are weak to maintain a healthy bottom line.
I subscribe to about 25 different news outlets and other magazines monthly. The majority come via hard copy to my door because the deals I get are too good to pass up; something like $10 for the year with a gift subscription. Sadly, I’ve seen the ‘zines I rely on get thinner and thinner and then consolidate with sister publications. So, this shift in media is not just happening with the national business press; it’s happening in the verticals, too.

Media Relations Professionals

What this means for we who pitch media is the need to absolutely be on the money with stories reporters can’t refuse. Have you ever seen HARO lists of the queries reporters are seeking to write stories? They’re so bizarre and unconventional I’ve nearly stopped scanning for pitching opportunities.

It’s no wonder journalists are complaining every more forcefully about we who pitch stories. If you’re being paid by a client to pitch a story regardless of whether there’s news value, then please push back on the client and take a look at other ways to get that story some air time.

It will save your reputation; trust me. Meanwhile, media relations and public relations professionals need to and identify outlets, content marketing strategies, and other communication vehicles to share client news.

Because we come from a creative profession, this shouldn’t be too hard to do. I would look to content marketing and digital marketing as an opportunity to get some creative legs on client stories; it’s the next big thing in PR.

Related articles
  • Three Reasons Why Media Relations Still Matters
  • Why Sponsored Content’ is Here to Stay in PR
  • The Give and Take of Media Relations
  • A Reporter & A PR Guy Were In A Bar
  • Startups Should Hire PR Early

Filed Under: Media Relations Tagged With: Bloomberg Businessweek, Content Marketing, Earned Media, Journalist, Marketing and Advertising, Media, Media Relations, Public Relations, Sir Isaac Newton, Theory of Motion

How To Select News Release Distribution Services

11/06/2013 By Jayme Soulati

news-release.jpgNews releases are distributed in a variety of ways:

  • One-to-one media relations from public relations professionals to media
  • A distribution via a media list developed via Cision, Vocus or other media databases
  • An online only news release distribution service e.g. PR Web
  • A traditional wire like PR Newswire, BusinessWire or Marketwired which also blend and distribute with online outlets

There are resellers of these services that may have a limited distribution or fewer bells and whistles. What’s often a feature for companies watching the bottom line of out-of-pocket expenses is price. Resellers come in less than the primary suppliers; which features are sacrificed for price? It’s hard to know.

In fact, it’s hard to know the best recommendation any more for clients and companies. Recently, I was asked my professional opinion on the difference between the online only news release distribution service compared to the more traditional wire.

I’m going to try to provide thoughts via an in-depth analysis of metrics from a very recent distribution for a client. Keep reading to hear my thoughts and do add yours, too?

Online News Release

Prior to Google switching up news release optimization and requiring no-follow links for online news dissemination, there was a creeping practice of “SEO PR” where some professionals were optimizing public relations content for search marketing benefit.

Back in the day about three years ago, results for online news releases were fabulously successful and companies realized high traffic to websites as a result. Today, times are a bit rougher; there are hundreds of news releases issued every single day from a variety of platforms and channels.

The suite of outlets picking up news releases via online only distribution is impressive, but when you look closely at the outlets, they may not be the best places for the news, especially if the news is a niche topic for a business-to-business audience.

Metrics for Online News Release Distribution  via PRWeb (Actual)

  • 57,489 impressions from a feed or web page
  • 1,096 reads — number who loaded a full version
  • 49 interactions — clicks, download, forward, website interaction
  • 109 online pick up

When you examine the outlets that picked up the news from the traditional wire, they are more popular news sites with a slew of broadcast TV websites, daily papers and business journals.

Metrics for PR Newswire Distribution (Actual via eReleases reseller)

(eReleases report says it distributes news to 5,900 websites and traditional news rooms with 1.5 million views of news releases; PR Newswire says it distributes to 200,000 media and 8,000 websites.)

  • 2371 Views
  • 0 Downloads

When you look at the data only, the online distribution service wins  by a long shot; but, are numbers always accurate? No, you need the interpretation, and that’s what we’re trying to do here; but, there’s a missing link.

Website Analytics Required

When a company is putting news on both the online only and traditional wire service (with some online outlets, too), the best idea is to do a split test with a link on one of the services or a different quote and a different link or quote on the other distribution service.

Also, understanding traffic to web pages via Google analytics or Clicky is helpful and rounds out the picture. Without incorporating these data into the full analysis, it would be hard to determine which distribution service is better.

Pricing

  • PRWeb has five levels of pricing from $99 to $499 depending on whether the news is a multi-media news release with images and video or merely an extremely basic version.
  • PR Newswire is a membership service and members receive pricing accordingly. This service, however, is the absolute top of the line with all the real and required services publicly traded global companies need…and more.
  • eReleases is a reseller of PR Newswire and they do a great job. They have tiered pricing, too, with a “personal publicist” service.  I use them often for news distribution on the PR Newswire. The difference is you don’t get everything PRNewswire offers, and the price reflects that.
  • Marketwired phoned me yesterday to inform me more about its 10 vertical distributions with emphasis on the Associated Press

What Is The News

To make a determination about which service to use, professionals have to analyze the news. Here’s what I’m talking about:

  • Is the news national, breaking news?
  • Is there a time element to the news?
  • Is it specialty niche news that appeals to a specific segment?
  • Is it for trade media in vertical markets?
  • Is it business-to-business news or consumers with wide appeal?
  • Is it regional news to a smaller audience?
  • Does the news tie in with a seasonal event, current event, or trend?
  • Is it oriented to research supported by evidence, proof points or data?
  • Is the news investor related for a publicly traded company?
  • Is the company a startup, corporation or non-profit?
  • Is the news global? Should you launch simultaneously on several continents?

Knowing whether the news is important enough to warrant national distribution is the responsibility of the media relations professional. Media relations professionals will also know when to use online distribution only, wire service only, or both.

Best Analysis

So, with all of the above which doesn’t clearly or definitively point to one over the other, the best analysis is frequency. In order to understand which distribution service may provide best results, then consider this:

  • Get five news releases out the door using both services
  • Ensure the news is valuable and more hard hitting
  • Analyze results from reports and compare data side by side
  • Incorporate news content into that analysis, too

In My Professional Opinion…Taking into consideration all of the factors above, here is my professional opinion about which service provides better opportunity.

The answer is very lawyerly — it depends.

1. Look at the quality of the news
2. Determine who should get the news
3. What is the objective — traffic, views, clicks, earned media
4. Incorporate analytics from start to finish
5. Distribute five to seven news releases and do a comparative analysis
6. Review the metrics and conduct your analysis

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Filed Under: Public Relations Tagged With: Breaking News, Cision, eReleases, Google+, Media, Media Relations, news release, PR Newswire, Press Release, PRWeb, Services, Vocus

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