Press Releases – Worth the Money?

By Mark Macias

Clients are always asking me what I think of press releases on the PR newswires.

“Will they help us get publicity with reporters,” they ask.

Even a spokesperson with a New York City agency asked me what I thought of PR newswires. She said her agency approved funding for press releases with the PR newswires.

I used to work with her at CBS, so I threw the question right back at her.

“Did you ever once go to the PR newswires to look for a story when you were at CBS?”

Press Releases – When do they Work and Not Work

But press releases can be extremely helpful depending on your media need and strategy.

The various PR newswires are helpful when your business is trying to get something on the record – like a milestone. If your business is growing faster than the competition, you want to announce it to the world and PR newswires are a great place for these.

But press releases on the PR newswires should never be confused as a media strategy.

Notice the emphasis is on “PR newswires” and not “newswires.”

How PR Newswires Differ

There is a big difference the “newswires,” like the Associated Press, Bloomberg or Thomson Reuters, and the “PR newswires.”

The newswires are actually read by assignment editors, producers and reporters. It’s not easy getting media announcements in the newswires because the news threshold is even higher, but if you can get it picked up by a newswire, other news organizations may run with your story.

Paid press releases with the PR newswires can be an element of a larger media strategy, but before you spend the extra money, ask yourself these questions:

Am I trying to get publicity with journalists? If you are, you will be better pitching the story individually to reporters.

Do I want to get something on the record? If your company has achieved a major milestone, signed a major client, hit an impressive sales number, etc – a press release on the PR newswires is a great means to distribute that message.

Do I need exposure for my new website? A paid press release can help with SEO because the backlinks will potentially help you with search engine ranking.

You can read longer, in-depth stories on these topics at www.prhelp.co.

Mark Macias is a former Executive Producer with WNBC and Senior Producer with WCBS. He’s also the author of the communications book, Beat the Press: Your Guide to Managing the Media. Macias now consults small and large businesses on how to get publicity. You can read more on his firm at MaciasPR or MarketYourFund.com