Media Relations – Mistakes in Crisis Communications
admin | Tuesday, August 19th, 2008 | No Comments »
All organizations are vulnerable to crises. You can’t serve any population without being subjected to situations involving lawsuits, accusations of impropriety, sudden changes in ownership or management, and other volatile situations on which your stakeholders — and the media that serves them — often focus.To ensure that your crisis will flourish and grow, you should:
1. Play Ostrich
Hope that no one learns about it. Cater to whoever is advising you to say nothing, do nothing. Assume you’ll have time to react when and if necessary, with little or no preparation time. And while you’re playing ostrich, with your head buried firmly in the sand, don’t think about the part that’s still hanging out.
2. Only Start Work on a Potential Crisis Situation after It’s Public
This is closely related to item 1, of course. Even if you have decided you won’t play ostrich, you can still foster your developing crisis by deciding not to do any advance preparation. Before the situation becomes public, you still have some proactive options available. You could, for example, thrash out and even test some planned key messages, but that would probably mean that you will communicate promptly and credibly when the crisis breaks publicly, and you don’t want to do that, do you? So, in order to allow your crisis to gain a strong foothold in the public’s mind, make sure you address all issues from a defensive posture — something much easier to do when you don’t plan ahead. Shoot from the hip, and give off the cuff, unrehearsed remarks.
3. Let Your Reputation Speak for You
Two words: Arthur Andersen.
4. Treat the Media Like the Enemy
By all means, tell a reporter that you think he/she has done such a bad job of reporting on you that you’ll never talk to him/her again. Or badmouth him/her in a public forum. Send nasty emails. Then sit back and have a good time while:
* The reporter gets angry and directs that energy into REALLY going after your organization.
* The reporter laughs at what he/she sees as validation that you’re really up to no good in some way.
5. Get Stuck in Reaction Mode Versus Getting Proactive
A negative story suddenly breaks about your organization, quoting various sources. You respond with a statement. There’s a follow-up story. You make another statement. Suddenly you have a public debate, a lose/lose situation. Good work! Instead of looking look at methods which could turn the situation into one where you initiate activity that precipitates news coverage, putting you in the driver’s seat and letting others react to what you say, you continue to look as if you’re the guilty party defending yourself.
6. Use Language Your Audience Doesn’t Understand
Jargon and arcane acronyms are but two of the ways you can be sure to confuse your audiences, a surefire way to make most crises worse. Let’s check out a few of these taken- from-real-situations gems:
* I’m proud that my business is ISO 9000 certified.
* The rate went up 10 basis points.
* We’re considering development of a SNFF or a CCRC.
* We ask that you submit exculpatory evidence to the grand jury.
* The material has less than 0.65 ppm benzene as measured by the TCLP.
To the average member of the public, and to most of the media who serve them other than specialists in a particular subject, the general reaction to such statements is “HUH?”
7. Don’t Listen to Your Stakeholders
Make sure that all your decisions are based on your best thinking alone. After all, how would your clients/customers, employees, referral sources, investors, industry leaders or other stakeholders’ feedback be at all useful to determining how to communicate with them?
8. Assume That Truth Will Triumph over All
You have the facts on your side, by golly, and you know the American public will eventually come around and realize that. Disregard the proven concept that perception is as damaging as reality — sometimes more so.
9. Address Only Issues and Ignore Feelings
* The green goo that spilled on our property is absolutely harmless to humans.
* Our development plans are all in accordance with appropriate regulations.
* The lawsuit is totally without merit.
So what if people are scared? Angry? You’re not a psychologist…right?
10. Make Only Written Statements
Face it, it’s a lot easier to communicate via written statements only. No fear of looking or sounding foolish. Less chance of being misquoted. Sure, it’s impersonal and some people think it means you’re hiding and afraid, but you know they’re wrong and that’s what’s important.
11. Use “Best Guess” Methods of Assessing Damage
“Oh my God, we’re the front page (negative) story, we’re ruined!” Congratulations — you may have just made a mountain out of a molehill….OK, maybe you only made a small building out of a molehill. See item 7, above, for the best source of information on the real impact of a crisis.
12. Do the Same Thing over and over Again Expecting Different Results
The last time you had negative news coverage you just ignored media calls, perhaps at the advice of legal counsel or simply because you felt that no matter what you said, the media would get it wrong. The result was a lot of concern amongst all of your audiences, internal and external, and the aftermath took quite a while to fade away.
So, the next time you have a crisis, you’re going to do the same thing, right? Because “stuff happens” and you can’t improve the situation by attempting to improve communications… can you?
by Jonathan Bernstein
Jonathan Bernstein is president of Bernstein Crisis Management, Inc. (BCM),This is a website at which you can access, for no charge, more than 500 articles on crisis management-related topics.
Article Tags: Business, management, Media, relations
Posted in Business
Media Relations: Tips for Advertising Agencies
admin | Wednesday, August 13th, 2008 | No Comments »
Creating and maintaining healthy professional relationships with media contacts are key components of promoting your clients and their products. Below are a number of simple tips for working with the media:2. Return all reporters’ calls within the hour, or as promptly as possible, even if you know the inquiry is about a negative topic.
3. If time permits, familiarize yourself with the reporter and the publication/station. Read past articles the reporter has written or tune in to the station’s broadcast.
4. Anticipate questions and practice your responses, especially regarding topics that may be negative or complicated.
5. Any media interview is an opportunity to appropriately advance the goals and activities of your business.
6. Begin the interview by spelling your full and last name twice, along with your title.
7. Make your major points or key messages early in the interview. This sets the tone for the session and will help ensure that your comments are reported in the proper context.
8. Do not overuse industry jargon.
9. Use anecdotes and examples more than weighty statistics to carry your key messages. Real life experiences give real life to your interview.
10. If you don’t know the answer to a question, don’t guess. Tell the reporter that you are unsure, but that you’ll find out and call him or her back.
11. Don’t speak “off the record.” It’s acceptable to give the reporter background information but never say anything that you wouldn’t want to see in print or broadcast later.
12. Avoid the temptation to “wing it.” Listen to the entire question before responding. Don’t be drawn outside your area of expertise.
13. If you discover you’ve provided inaccurate information during the interview, contact the reporter right away to correct your error — before the story is printed or broadcast.
14. Do not ask for an advance draft of a story before it appears. Many reporters will deny such a request and interpret it as an effort on your part to censor or control the news. However, you should offer your assistance, if needed, in verifying facts or figures contained in the story before it goes to print.
15. Don’t attempt to go “over a reporter’s head” to influence a story. Most likely, you will be unsuccessful and only create resentment. If you believe the reporter has treated you unfairly, contact your regional public relations manager for the proper strategy.
16. Don’t offer or send gifts to the news media. Even inexpensive items could be misinterpreted as an attempt to influence the news coverage. If you are pleased by the way a story turned out, a complimentary phone call or thank you letter will suffice.
17. For television interviews, arrive at the TV station at least 30 minutes before the program. Upon arrival, ask for the show’s producer or the designated contact. It is acceptable to ask the producer if you can discuss the upcoming interview with both the producer and the interviewer. This will make the question and answer session easier on both you and the host. Don’t be bothered, though, if the host is unavailable.
18. Do not wear the color white, stripes or any complicated patterns to an on-camera interview.
19. Remember that radio and television interviewers often develop a regular following and that the audience does not know you. Avoid alienating the interviewer. Be friendly, address the interviewer by his or her first name, but don’t “fake” familiarity.
20. Feel free to have brief notes in front of you (that don’t necessarily have to be discussed) for your easy reference.
21. Always provide your interviewer with your business card and thank them for their time.
22. Let reporters know you are available for future stories, to increase the likelihood that they will call you again. This will help you to develop ongoing relationships with the media.
23. Be proactive in developing relationships with reporters. If you see an article that is within your area of knowledge, call the reporter to introduce yourself.
For more tips and information, please feel free to visit our website
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Tags: media, relations, agency, marketing, management
Media Relations Skils: Getting The Most Out Of Radio Interviews.
admin | Monday, August 11th, 2008 | No Comments »
Many people are intimidated by radio interviews, whether live or pre-recorded and often spoil great promotion and branding opportunity in less then effective interviews.Also, radio is the only medium to show increased usage since the introduction of the Internet.
Radio can be a powerful way to communicate to a large amount of people in an immediate and intimate way.
So it is increasingly important to perform at your best when doing radio interviews in order to make optimum use of the opportunity.
Having worked in radio for more than 16 years, here are my 10 tips for getting the best out of radio interviews.
1. Preparation.
You only have one chance to get it right with live radio. Always prepare. This includes having strong and precise messages you wish to relay to the audience and goals for the interview.
2. Stay on message.
Most radio interviews are less than four minutes in duration. Always keep on message and avoid being drawn into side issues. Journalists are trained to acquire information from you, not necessarily on the topic covered in the interview. Keep focused at all times.
3. Metaphors and examples.
Radio is a very intangible medium. It is difficult to store and listeners rarely get a chance to re-listen. Make your message more memorable and tangible with stories, metaphors and examples. Remember radio reflects your personality to the audience.
4. Use word pictures.
The radio is often on as background noise. It is also the medium of imagination. Cut through the clutter with words that paint a picture in the mind of the listener.
5. Be available.
Always make yourself available for radio interviews. The immediacy makes it a powerful medium. Be available to go into the studio for better quality than over the phone or to take talkback calls. Missing a interview opportunity means the station will find somebody else to interview, perhaps a competing company in the same field, offering them the exposure.
6. Warm up your voice.
Always take time to warm up your voice so you sound more articulate, intelligent and authoritative. This will give you more confidence. Be clear in your pronunciation, unlike printed news listeners aren’t able to listen again if they miss words.
7. Make it personable.
Use the interviewers name to make it more personable when answering questions. This is another chance to develop a relationship with the media outlet interviewing you as well as your audience.
8. Don’t wait to be asked.
Many first timers fail to get their message across because they wait to be asked. Always try and take control and use every opportunity to get your message across. Be adaptable but remember your goals and messages.
9. External noise.
When you do radio interviews make sure the background is as quiet as possible. While wailing sirens will help add a sense of urgency, background noise can be distracting from your main message. Remember your message will be competing with background noise in the offices or cars it is listened to in so try to keep your background noise as minimal as possible.
10. Call to action.
Most people will remember the opening and closing of a radio interview. Always have a strong closing with a call to action, i.e. something you want listeners to do. Having an action statement at the end of your interview offers an opportunity for listeners to be involved with your company and develops your relationship further.
Thomas Murrell MBA CSP is an international business speaker, consultant and award-winning broadcaster. Media Motivators is his regular electronic magazine read by 7,000 professionals in 15 different countries. You can subscribe by visiting this site and is available to speak to your conference, seminar or event. Visit Tom’s blog
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Tags : people, management, communications, public, relations
Press Release Solutions: Finding Templates to Charge Your PR
admin | Monday, July 28th, 2008 | No Comments »
Sample press release templates are difficult, if not impossible to find and work with. However, what makes a press release good is not the format, it’s the content. Here is how to write a simple press release for any niche and on any topic.The best way to write a release is to talk about a new scientific study, a new trend in popular culture, or a quote from a famous celebrity or politician. If you dig, it is very possible to find specific things that will help out in any niche, and all a press release needs is an “expert” to simply need to comment about it. The primary way to do that is to quote yourself. Add a comment, and use your product or website name as a descriptor. For instance, I would write a quote, and then describe myself with something like “said Your Name, creator/owner/founder of such and such.” This way, it is still easy to get the publicity, and the powerful links back to your website which does the selling.
If you continue to write the article as if you didn’t need to sell the product, then you’ll have a lot more people interested in finding out more about you and hopefully, your website or your product. This will increase your exposure, as more people will be interested in putting your releases on their site. What you simply have to do is write the article in a way that sounds unbiased, as if you were writing a factual piece to be included in a major newspaper, and you’ll do just fine.
If this sample press release template wasn’t quite what you were looking for, you might be interested in checking out the free sample press release templates included in Rod Beckwith’s new software Press Equalizer. This software will help you write press releases and submit them to hundreds of websites.
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PR Processes: Press Release Distribution Options
admin | Saturday, July 19th, 2008 | No Comments »
When it comes to press release distribution, options abound. There are so many press release distribution options, in fact, that it becomes quite a chore to sort through them all without some objective information about what kinds of submissions do what.If you own a brick-and-mortar store or a company which primarily does business in a local area, you may consider sending a copy of your press releases to local newspapers or other media outlets (think magazines, television, and radio stations in your surrounding area). This is a good option for businesses who do not have anything of national appeal, but is probably a bad idea for internet business, or people who want to encourage buyers nationwide.
The next option that many take is to distribute to one or more of the free press release submission sites on the internet and to hope that this will ensure widespread distribution. While it’s free, and thus, rather cost effective, this is the kind of submission service which is only effective if you’re distributing to a number of companies, which is very time consuming. Each individual press release site will have a number of journalists or affiliates who are interested in promoting your news, but the number is relatively small compared to the number you’d need to make a bigger media splash. It is, however, a very viable press release distribution option, and one which my recommended method is based on.
What I have personally found to be the best of the press release distribution options is to use software like Press Equalizer to help get the word out. This software formats and submits your press release to fifteen different free newswire at the push of a button. While the initial cost might seem expensive, it is about half the price of a professional distribution for a single press release, and you can use it forever. If you’re running a professional campaign, with multiple press releases going out over time, then this is easily the best press release distribution option for you.
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Public Relations Crisis Intensifiers
admin | Monday, July 14th, 2008 | No Comments »For instance, while crisis can strike any size organization, studies indicate that the larger and respected an organization, the more sensational a crisis will be; hence such organization is subjected to more critical media scrutiny. Coupled with the media’s ability to share such information widely and instantaneously, a mere rumor or speculation can morph into a full blown crisis in no time at all potentially damaging reputation and undermining organizational legitimacy to exist.
Additionally, crisis intensifiers include: crisis history of the organization, relationship with stakeholders, severity of the damage, hesitation, retaliation, lying, pontification, confrontation, evasiveness and litigation. Each is discussed.
Crisis history of the organization. Some organizations are notorious for ignoring societal expectations such as labor, environmental and safety regulations. Some may survive relatively minor accidents and yet, at their peril, ignore its lessons. The investigation into the February 2003 Columbia shuttle accident suggested this assertion. NASA’s attitude toward safety was said to improve little even after the 1986 Challenger disaster (AP, 2003).
Relationship with stakeholders. An entity’s relationship with its stakeholders impacts how deeply a crisis is viewed. It also impacts stakeholders’ willingness to be persuaded regardless of response strategies employed. A mutual trusting relationship between the entity and its stakeholders can create goodwill from which to draw in times of crisis. The Ford Explorer and Firestone tire debacle, described above, provides an example. In a crisis, neither company would be afforded the benefit of doubt nor forgiveness as neither was especially endeared to the stakeholders as a result of their public spat.
Severity of the damage. A crisis resulting in loss of lives; or in extensive loses of income and life savings, takes on greater significance than say, one with loss of minor profits only. The just concluded Enron case provides the example. With the Enron collapse, nothing associated with the company was spared. In addition to loss to property and loss of lifetime income investments for the stakeholders, those involved were convicted and sent to prison for a long time.
Hesitation. In responding to the crisis, there must not be hesitation as it only makes the organization or spokesperson appears indecisive, incompetent or, worse, callous. In communication, perception is usually reality. When Vice President Dick Cheney accidentally shot a friend on a weekend hunting trip on February 11, 2006, it was four days when he finally spoke publicly about it to the media. As a result of his hesitation to respond publicly about it, what was a simple accident on a weekend hunting trip with friends had morphed into a crisis. The media and the public had begun to attribute it to the White House’s reputation for secrecy and high-handedness (Lockheed, 2006).
Retaliation. When one is accused in a crisis or conflict situation, he is embarrassed, belittled, in other words, his face is threatened. A face is a metaphor for someone’s or an organization’s image and reputation. There are two types of faces: Positive face, the desire for others to appreciate, understand and approve the face or image presented; whereas, negative face is the desire for others not to embarrass or impose on them. According to Ting-Toomey (1994), facework or face negotiation theory refers to specific verbal and nonverbal messages that help to maintain and restore face loss, and to uphold and honor face gain. Depending on culture, one way is revenge in which case the accused attempts to make an accuser share his pain as a result of an accusation.
Lying. Another form of face managing tactic, lying implies deliberately misleading the audience about the cause of the incident or, on what would be done to mitigate the effect of the crisis on the stakeholders.
Pontification. Along the line of lying, above, is pontification, boasting or embellishment. Instead of meekness or contriteness, this represents an idea of sounding more than one really is or needs to appear in the event of a crisis situation.
Confrontation. Irritants abound everywhere amid a crisis situation. From the media seeking information, to family members inquiring about their loved ones, to stakeholders who just want assurance their investments are safe or their jobs would be there the next day, it can be overwhelming for an unprepared spokesperson. No matter how overwhelmed, the image of a spokesperson at the podium wagging his finger in a confrontational mode at the media can send the wrong message, keeping the issue alive, instead of making it quickly go away.
Evasiveness. This means not being forthcoming with information, or trying to make things confusing. When a crisis happens, there are information voids the media want filled, and dissonance, a feeling of discomfort the stakeholders want reduced or eliminated altogether.
Litigation. Like confrontation, above, litigation or court involvement only keeps the issue alive, brings more attention to the issue and, by extension, the organization, and shine bad light on the organization longer than necessary.
Emmanuel A. Smart is President of Smart Expressions, a Strategic Public Relations and Organizational communication firm based in Houston, TX; offering lectures, workshops, counseling and support on: 1. Building, managing and leveraging the power of good organizational reputation; 2. Spokesperson development; 3. Crisis management strategies; more. For more information, visit this site
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Tags: public, relations, management, crisis, cases
Using PR Events to Boost Your Business
admin | Tuesday, June 24th, 2008 | No Comments »
Public speaking can be an excellent form of free PR and an effective marketing tool. Speaking in front of groups gives you exposure to potential clients and enhances your credibility as an expert in your field — and people like to buy from experts. Below are some tips to help you step out and use speaking to grow your business.Strategic PR Tips For Attorneys To Use Litigation Public Relations
admin | Thursday, June 19th, 2008 | No Comments »There are proven ways to use public relations to assist attorneys in their litigation efforts. Here are ten (10) public relations tips to assist the attorneys in influencing the outcome of the litigation, protecting their client’s reputation before and after the litigation, making a client’s viewpoint known, ensuring balanced media coverage, helping the media and the public understand complex legal issues, defusing a hostile environment and helping resolve the conflict.
1. Commit to and retain a public relations consultant to be on to your legal team at the beginning of the client engagement.
2. Engage a professional public relations consultant that has experience in litigation PR.
3. Develop a strategic communications plan for the engagement. An effective public communications strategy must complement, support and enhance the legal strategy. Avoid withholding information from your PR expert, as it could prove disastrous in developing the PR strategy.
4. Work with your professional PR consultant to select a company spokesperson and to work closely with the spokesperson to prepare him or her for all public appearances and public statements.
5. Listen to, hear and understand what your professional PR consultant tells you so you can develop a clear vision of a big picture view point relative to an issue that goes beyond the immediate pending litigation or issue.
6. Rely on the strategic use of your public relations experts’ experience in dealing with the media.
7. Strategically engage the public relations expert’s resources and networks with various media and identified stakeholder groups.
8. Seek, trust and use your PR professional’s expertise in crafting statements to the media and the public.
9. Commit to understanding that there is a difference between writing legal documents and writing for the general public.
Work closely with your public relations consultant so he or she can translate your “legalese” into “common” English for the media and the public.
10. Have the attorneys be engaged in media training to increase their comfort level when it comes to dealing with the media. Have your PR expert educate and train the attorneys on how journalists work, how deadlines play into the interview process and how to develop a positive rapport and relationship with the media.
Glenn Ebersole, Jr. is a multi-faceted professional, who is recognized as a visionary, guide and facilitator in the fields of business coaching, marketing, public relations, management, strategic planning and engineering. Glenn is the Founder and Chief Executive of two Lancaster, PA based consulting practices: The Renaissance Group, a creative marketing, public relations, strategic planning and business development consulting firm and J. G. Ebersole Associates, an independent professional engineering, marketing, and management consulting firm. He is a Certified Facilitator and serves as a business coach and a strategic planning facilitator and consultant to a diverse list of clients. Glenn is also the author of a monthly newsletter, “Glenn’s Guiding Lines – Thoughts From Your Strategic Thinking Business Coach” and has published more than 325 articles on business.
To find out more about the benefits & rewards of litigation public relations, please contact Glenn Ebersole through his website
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Tags: litigation, public, relations, crisis, management
PR – Definition of Press Release Software and How it Can Help You
admin | Wednesday, May 21st, 2008 | No Comments »
Press release software is somewhat of an enigma to the majority of writers and news editors, and yet many people are starting to turn to these products to help them write and distribute a news release. Some pieces of press release software are very simple and perform some tedious tasks on your behalf, while other types of press release software will practically write the whole thing for you.Many of these programs are designed to make the writing process easier on business people with little experience in actually writing a media release. While this is important, it is not essential, as the majority of these article writing programs will put together poorly written documents. It will then take even longer for you to go back and fix the mistakes that the software has generated, and in the end, it is a waste of time. A good piece of software will come with some pre-formatted templates, with clear instructions on the best practices for writing a press release. This allows you to retain control of the language structure, and not get too far away from the main points, even if you’ve never written an article like this before.
Press release software is also capable of filling out the majority of online forms on your behalf. Any software which does not do this automatically is not worth your time or money, since you’ll spend quite a while filling out the forms correctly and clicking submit each and every time. For those programs who submit to thousands of sites, this is obviously not worthwhile.
Distribution of press releases is essential, and this is what the vast majority of pieces of press release software specialize in. You must be careful when using these products, however, as many brands will only submit a static document, and are not capable of reformatting the document automatically in order to meet the requirements of each individual newswire. As a result, only a few newswires will accept your releases, even if the product has delivered your document to thousands of sites.
By far the best of the pieces of press release software I have found is called Press Equalizer It comes with more than ten templates built in, and it can submit to more than fifteen different press release newswires who will further distribute your content for free. It can even reformat the documents for you on submission, which very few of its competitors are capable of. The software is also on the low end of the price scale at $97. Check it out
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Public Relations and Crisis Management for Cruise Ship Lines
admin | Friday, January 25th, 2008 | No Comments »
We are all aware of some of the nasty spills the Cruise Ship lines have taken with negative public relations and much of it is undeserved. Nevertheless crisis management is a part of Cruise Ship line Public Relations, just as much as positive public relations and travel industry goodwill.
Perhaps you’ll recall two years ago the outbreak of a virus on a cruise ship line and another cruise ship, which had bacteria in the water. Neither of these were the actual cruise ships fault. But rather they had picked up water and a port, which was not good.
The same thing happens on airliners when they fill up with water and foreign airports. There was another problem recently where a newlywed husband got into a fight and ended up overboard and no one had ever seen him again. His widow and their family sued the Cruise line and made a huge issue out of it.
Cruise ship lines have to overcome negative public relations and crisis management of this type and be careful to promote positive public relations all year round, otherwise they cannot fill up the ships with passengers.
Public relations for Cruise ship lines means they must also keep up communication lines with all mass media outlets and promote all the good things they do such as assisting during the Indonesia tsunami efforts and the post hurricane Katrina disaster relief efforts. Perhaps you will consider all this in 2006.
“Lance Winslow” – Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance, on this site. Lance is an online writer in retirement.
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Tags: public relations, crisis, management, cruise, travel
Public Relations and Crisis Management Considered
admin | Tuesday, December 25th, 2007 | No Comments »Well it is about the same thing really, you go into crisis mode and cover your tracks or you talk louder than everyone else and force your opinion and perspective based views onto those in attendance. This is one way to handle the situation and often in doing so you can bring another point of view to the table and cloud the issue in all kinds of contrived controversy and actually come out ahead for being in the news for over a week.
Of course this is a risky way to do things. Probably the best way to do things and the safest from a public relations standpoint is to admit fault, apologized and and promise to never do it again. Perhaps even state that you will get counseling or something of that nature.
Of course what if you are a company and the corporation makes a huge boo-boo? Then what you do? Public relations crisis management teams are often pitted against mass media hysteria and they immediately go to work and review the situation, come up with a simple and understandable description of the problem while downplaying its importance and then offer a plausible or deniable reason for the event. Please consider all this in 2006.
“Lance Winslow” – Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance, on this site. Lance is an online writer in retirement.
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Tags: public relations, crisis, management, mass media, review
PR Solutions: Knowing and Communicating with Your Key Publics
admin | Thursday, November 22nd, 2007 | No Comments »
Many organizations actively engage in ‘Issues Management.’ For most, this involves scanning the news, developing communications strategies around relevant issues and trends, and then communicating their messages back through the media.
However, effective communications is more than just managing issues through the media. Companies and organizations must also be aware of their external publics – the people and groups outside of an organization’s sphere that affect, or are affected by, what that organization does.
This is known as ‘Relationship Management.’ It is the discipline of identifying key publics and establishing strategies for building and maintaining mutually beneficial relationships with those publics.
Identifying External Publics
Like most organizations, there is a good chance you are already using media monitoring to track the issues that affect your organization. This is Communications 101.
You may even be taking it one step further and conducting some kind of media analysis, including assigning tones like positive, negative or neutral to news stories. And if you’re not, you should be. Without proper analysis and evaluation, your communications team is not doing its job properly.
But where it really gets interesting is when you take your existing monitoring and analysis and add another dimension to it. One of the best examples of this is tracking and analyzing quotes.
Tracking quotes helps you identify your key publics. You can see exactly what they are thinking, what they are saying, what they are doing.
And by taking further small steps, such as cross-referencing tone with quotes, you can easily identify the type of relationship that exists between your organization and its different key publics. You can get a picture of what you are doing right and what you are doing wrong, and, where necessary, develop a plan to change the relationship.
Obviously, the more positive the quote or article, the greater the chance that the person being quoted is an ally to issues favorable to your organization. Conversely, the more negative the quote or article, the greater the chance that the person being quoted is opposed to issues favorable to your organization.
Furthermore, the more times a person is quoted, the greater the chance he or she is an Opinion Leader – a person that knowingly or unknowingly influences opinion. It’s important that your organization try to have an open and professional dialogue with Opinion Leaders no matter what their position is.
Dealing with Key Publics
A lot of people feel the media ultimately control public opinion. There’s no denying they do have an enormous influence, but they are only one piece of the PR puzzle.
It’s important that PR professionals not limit themselves to just the media. Sometimes it’s best to communicate right to the source, if possible. Remember, as a professional communicator, your primary job is to disseminate information, not necessarily to deal with the media or write news releases. How you get the information to your publics is not what matters; what matters is that they get the information. Using the media and writing news releases are simply a means to an end.
According to Statistics Canada, 61 per cent of Canadians belong to a group or organization, including organizations unions, religious groups, professional associations, etc. Opinion Leaders are a very important component of these groups.
Once you have identified the groups and their Opinion Leaders, it’s important to develop consistent messages that will clearly state your organization’s position on key issues. Without that consistency, you run the risk of looking hypocritical or insincere. The last thing you want is to be communicating different messages regarding the same issue.
If you want people to trust you and your organization, consistency is a must. Trust is the first step in developing a relationship with the Opinion Leaders and your key publics.
Honesty is Always the Best Policy
Remember, when it comes to any type of communications, honesty is always the best policy. Trying to manipulate the media or the public is a dangerous game. If you’re honest, people might not always like what you have to say, but at least they’ll believe you and have a greater respect for you in the long run.
Monitoring the Media Helps Ensure Honesty Prevails
Monitoring the media allows organizations to ensure everyone is on message, helping to prevent misunderstandings through inadvertent contradictions or an overly aggressive spokesperson. Also, proactive media analysis can gauge how well key publics and other influencers, such as the media, are accepting your organization’s position on an issue.
Media Analysis is a Powerful Tool, but…
Media analysis can help identify miscommunication, and can also help identify the underlying reason for that miscommunication. It’s also an effective way of identifying key publics and opinion leaders, gauging where they stand on an issue and finding out what they are saying.
However, it’s important to remember ‘Relationship Management’ is about dealing with people directly. Media analysis is just a tool to help ensure your organization is communicating honestly and effectively – the same way the media are just a vehicle for delivering your message.
But even if you have a top notch media analysis program in place, you should never stop communicating directly with your key publics to figure out where they stand on key issues and how they view your organization. After all, public relations and communications are all about communicating effectively, and nothing is more effective than getting your information straight from the source.
Brett Serjeantson is the CTO at MediaMiser Ltd, leading the creation and development of MediaMiser’s software solution, MediaMiser Enterprise.
MediaMiser Enterprise is a complete media analysis platform and information management system that helps turn news into knowledge.
For more information visit this site.
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Tags: pr, solutions, communications, public, management
9 Rules of Media Relations Crisis Management
admin | Monday, November 19th, 2007 | No Comments »
As the tragedy at the Sago mine in West Virginia unfolded on our televisions and front pages in January of 2006, I’m certain we all wondered how the story could have become such a terrific example of corporate media-relations bungling.Public Relations Crisis Management – Telling The Truth
admin | Saturday, October 13th, 2007 | No Comments »Managers: Getting the Right PR
admin | Friday, September 21st, 2007 | No Comments »
As a business, non-profit, government agency or association manager, are you satisfied with using a collection of communications tactics to move a message from one point to another. You know, creating print and broadcast exposures? Publicity, if you will?I mean, you COULD do something really significant about those important outside audience behaviors that MOST affect the department, group, division or subsidiary unit you manage.
Then take advantage of the perception levels you’ve achieved as those key external audiences of yours become persuaded to your managerial way of thinking.
And, for that matter, once you’ve persuaded a number of members of that key external audience to your views on the issue in question, watch their perceptions closely as they morph into behavioral actions that allow your unit to succeed.
That might even make your day! And it’s all very doable.
But not if you insist on limiting your offensive public relations effort to simply creating print and broadcast exposures. Instead, you should be preparing to do something positive about the behaviors of the very outside audiences of yours that MOST affect your operation. Because that’s when public relations can actually create the kind of external stakeholder behavior change
that leads directly to achieving those key managerial objectives of yours.
Thus your real managerial opportunity arises when it becomes painfully obvious that counterproductive behaviors by target audiences are the direct result of negative perceptions about your organization or its services, products or personnel.
Suddenly, it becomes clear why you have to monitor opinion among members of your most important outside audiences to (1) determine how they perceive your organization; (2) to
identify and prioritize your public relations goals; (3) to create and communicate corrective messages to those key outside audiences and (4), to carefully monitor how and when those
perceptions inevitably convert to the key audience behaviors you know, as manager, you need.
In brief, what you really require is an action-based blueprint that leans on you to do some meaningful things about the behaviors of those important outside audiences that MOST affect your operation; to create the kind of external stakeholder behavior change that leads directly to achieving your managerial objectives; and to do so by persuading those key outside folks
to your views, then help move them to take actions that allow your department, group, division or subsidiary to succeed.
You can count on the underlying premise of this kind of managerial public relations: people act on their own perception of the facts before them, which leads to predictable behaviors about which something can be done. When we create, change or reinforce that opinion by reaching, persuading and moving- to-desired-action the very people whose behaviors affect the
organization the most, the public relations mission is usually accomplished.
A variety of results are possible when you work public relations this way: customers making repeat purchases; a rebound in showroom visits; new proposals for strategic alliances and joint ventures; membership applications on the rise; improved relations with government agencies and legislative bodies; capital givers or specifying sources looking your way; fresh community service and sponsorship opportunities; prospects starting to work with you, and even stronger relationships with the educational, labor, financial and healthcare communities.
It always pays off when you clear some time for planning meetings with your public relations people. For example, get their input on your plans to monitor and gather perceptions by questioning members of your most important outside audiences. Suggest queries along these lines: how much do you know about our organization? Have you had prior contact with us and were you pleased with the exchange? Are you familiar with our services or products and employees? Have you experienced problems with our people or procedures?
You might also reinforce your confidence in the PR team by insuring that they really accept why it’s SO important to know how your most important outside audiences perceive your operations, products or services? And do you believe THEY believe that perceptions almost always result in behaviors that can help or hurt your operation? This is essential to PR success.
One of the facts of life in dealing with opinion polling matters, is that things often go better when a professional survey firm helps monitor your key audience’s perceptions. But real pros cost real money, compared to using your existing public relations staff who, while they ARE already in the perception and behavior business, also cost money. But whether it’s your people or a survey firm asking the questions, the objective remains the same: identify untruths, false assumptions, unfounded rumors, inaccuracies, misconception and any other negative perception that might translate into hurtful behaviors.
Setting your public relations goal is the tip of the spear. Your new PR goal should call for action on the most serious problem areas you uncovered during your key audience perception monitoring. You may, for example, decide to straighten out that dangerous misconception, bring to an end that potentially painful rumor, or correct that terrible inaccuracy.
Seldom can public relations people, or most other managers for that matter, establish a new PR goal without the support of an action-oriented strategy. If, that is, you are to know HOW to
get to where you’re going. Plus, remember that you have just three strategic options available to you when it comes to doing something about perception and opinion: change existing perception, create perception where there may be none, or reinforce it. Needless to say, the wrong strategy pick will taste like fish sauce on your grilled quail. So be sure your new strategy fits well with your new public relations goal. You certainly don’t want to pursue “change” when the facts dictate a strategy of reinforcement.
Recruit the best writer on your team to prepare a carefully -written message targeted directly at your key external audience. To move that key audience to your way of thinking, s/he must produce some really corrective language that is not merely compelling, persuasive and believable, but clear and factual if they are to shift perception/opinion towards your point of view and lead to the behaviors you have in mind.
Carefully selected communications tactics (and there are many such available) will be needed to carry your message to the attention of your target audience. You may pick from such time-honored devices as speeches, facility tours, emails and brochures to consumer briefings, media interviews, newsletters, personal meetings and many others. But be certain that the tactics you pick are known to reach folks just like your audience members.
As “opening day” approaches, you may want to partially neutralize any opposition to your message by unveiling your corrective message before smaller meetings rather than using
higher profile news releases or broadcast announcements. Reason is, a message’s credibility can be fragile and often suspect, depending on how it is delivered.
It’s always a satisfying feeling when you can illustrate how the monies spent on public relations can pay off. That’s why the time needed to prepare and distribute progress reports is time well invested. They are, however, also your alert to start a second perception monitoring session with members of your external audience. Here, you’ll use many of the same questions used in the benchmark interviews. Only difference now is, you will be on strict alert for signs that the bad news perception is being altered in your direction.
If you feel impatient with the program’s rate of progress, you always have the prerogative of adding more communications tactics, and/or increasing their frequencies to address that
problem.
In essence, making sure you get the right managerial public relations requires that you resolve to do something about the behaviors of those outside audiences that most affect your
operation; to create the kind of external stakeholder behavior change that leads directly to achieving your managerial objectives; and to do so by persuading those key outside folks
to your way of thinking by helping move them to take actions that allow your department, group, division or subsidiary unit to succeed.
Please feel free to publish this article and resource box in your ezine, newsletter, offline publication or website. Only requirements: you must use the Robert A. Kelly byline, and resource box.
Robert A. Kelly © 2006.
Bob Kelly counsels and writes for business, non-profit and association managers about using the fundamental premise of public relations to achieve their operating objectives. He has published 245 articles on the subject which are listed at EzineArticles.com, click Expert Author, click Robert A. Kelly. He has been DPR, Pepsi-Cola Co.; AGM-PR, Texaco Inc.; VP-PR, Olin Corp.; VP-PR, Newport News Shipbuilding & Drydock Co.; director of communications, U.S. Department of the Interior, and deputy assistant press secretary, The White House. He holds a bachelor of science degree from Columbia University, major in public relations.
Visit this site
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Tags: pr, managers, management, public relations, companies
Barclays Private Equity
admin | Friday, September 21st, 2007 | No Comments »Barclays Private Equity
Barclays Private Equity | Private Equity Profile
The following piece on Barclays Private Equity is being published as part of our Private Equity Tracker Tool, our daily effort to track private equity firms in the industry.
Resource #1: Barclays Private Equity, the U.K. bank’s buyout arm, has put luggage-maker Antler up for sale, the Sunday Times reported. Barclays Private Equity bought Antler in a management-backed deal for GBP44 million in 2004 from Royal Bank of Scotland PLC’s (RBS 17.47, -0.92, -5.00%) equity finance arm, it added. KPMG has been hired run the auction process.
A representative for Barclays Private Equity wasn’t immediately available to comment. Source
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Public Relations Tips Management Can Use to Get Your Business Noticed
admin | Wednesday, September 19th, 2007 | No Comments »
Writing for machines may seem a strange way to proceed with the preparation of a press release – but it is one component to writing a successful press release that can result in a massive PR-payoff.First, let’s consider what you must do to optimize your news release? The answer is two words: Key Words.
Key words are the essential words that your clients or customers will use to find you – or your competitor. They are the search terms, the words that describe the product or service you offer. They are also something else: Gold in the right hands.
Let’s say the media are looking for your business. What is the word or search term they would use?
Ask yourself (and your staff, friends and customers) what they use to find a product or service like yours. Do they search under your brand, or your service/product type, or generically in some manner? Do they search using geographical factors?
Are these issues that you have seriously considered? Have you tried to ‘break down’ your business into a few, critical key words?
There are a number of useful tools available that can help your search – Google search terms, Overture’s search tool, Wordtracker and others – but you can simply search the major search engines to find what words surfers are using to find your business.
Then work out what others, like the media, would use to find your business. It may be a different set of words or word. For instance, your business in auto repairs might use that term by customers, but media interest may be more focused on a search term like ‘auto repair service provider’ or ‘auto services’. You need to check and find out the key words that your target audience is using to find you.
Once you’ve located the ‘gold’, you need to mine it. You need to use those words in your company reports, company statements, announcements and – of course – press releases. Focus just on a few key words so as to not lose the momentum and impact that they create. But use them in your content and, where possible, hotlink them to your content.
When search engine “spiders” hunt for text items and key words they particularly like links to the words you have used, rather than to something that could mean anything – such as a generalized link to an information service.
There’s lots more to this, but the first step for anyone writing for search engines is to hunt down those key words. And mine them.
And the secret? Well, it’s like this. Writing using key words is writing for the search engine spiders who place your item into the engines – which in turn permits your business to increase its exposure. But then what? You need to convert surfers into clients or customers.
How do you best do that? Obviously if your business is providing the required product or service you’re ahead of the game, but in a competitive marketplace you have to be noticed as well. You need to “engage” the Web surfer with your content. Infusing your copy with key words is fundamental. But so too is writing in a manner that will engage with the reader in a way that they want to use your product or service. Get emotional (without being sappy) about your product, service or business. Build in humor and humanity, whenever appropriate. If you seem to be a real person, rather than a robotic, PR type writing for machines then you may get the rankings, but you won’t get the business.
Go to it. Get emotional. And use the right words.
John Bowie founded http://www.LawFuel.com , the legal news network and one of the largest law news release websites on the Net. He has also been an author of the free, 5-step to high traffic report available from Web Traffic Rules which also provides a discounted copy of the ‘guru traffic advice’ ebook on generating high, free web traffic fast. See this website
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Tags: public relations, tips, management, business
Sales Strategies: Introducing a New Angle in Press Releases
admin | Wednesday, September 19th, 2007 | No Comments »A Press Release is “news”. It “tells” people about something, it doesn’t “sell” something, but it is still a very good sales tool! For instance, you are reading this article because you want to learn something that will help you. You aren’t reading it because you wanted to buy something. In our business our main goal is to please our customers, providing them with a good, quality product and give them more than their money’s worth. (Hence this article!) The trick is making money while doing all this as well. People don’t care what hurdles you had to jump to find a great product. All they want to know is what it will do for them and where to get it.
The sales flyers you print and mail sell your products. A Press Release simply informs people about your product. Your main objective doesn’t always have to be selling the product and getting the order right now. A Press Release will tell the customer how your product will benefit their lives. This can be done in a “newsworthy” Press Release. You can convert a sales circular into a Press Release without much difficulty. It’s just a new angle for presenting your product to the public.
The following example of a Press Release tells about our services but doesn’t sell:
“So many people are entering the ’Work at Home’ market these days, but so many of them are confused by the hype. Promises of untold riches plays havoc with emotions making people believe it’s easy to make huge income figures.
A new easy to understand manual has been released to help solve these issues. The manual has a directory, listing real names and addresses of over 200 honest and trustworthy work at home job providers. People can contact these companies and get free information to get them started in their own ‘Work at Home’ business!
At long last there is a real answer! Without trying to sell you anything else, you can get this manual for a price you can easily afford. Meet the real ‘Work at Home’ providers who care about their products and want to help you get started making money.
Only available on the Internet at www.Workathomeop.com.”
This short and simple Press Release demonstrates the “newsworthiness” of it’s product. The main focus is on the fact that most people get “snowed in” by all the hype when they want to start a home business. The answer to this problem is a new directory that is now available! The reader will naturally want to get the manual. No money is asked for, but the press release tells the reader how to get a copy.
Here’s a simple test for a real press release. Is the release worth reading without the final paragraph, where the sales pitch is? Try it… Read the Press Release aloud but omit the last paragraph. Is it still worth reading without the sales pitch? If so, it’s likely a good a Press Release. This simple rule applies even though different products will result in some changes to how the News Release is written.
One of the simplest ways to start learning how to write your own News Release is to look at the local newspaper and pay attention to the methods used there. Even if you have never written before, don’t give up, simply note how each article is written and pattern your’s the same way. After you have done a few of them, you will “figure it out.”
The proper way to submit your Press Release to a publisher is quite simple: Be sure and type it double-spaced and not longer than two pages. Put your name, address and page number at the top of each page. If you’re submitting to only one paper be sure to add the note “first run”. Also at the top include “For Immediate Release.”
Now just jump in and give it a try. After all who is more qualified and knows more about your product than you? You are the one, so simply act on it.
Fred specializes in thinking “outside the box”. A number of years ago he was deeply affected by a sales manager who challenged him to think “past the pages” of the “how to” sales manual. The result was astonishing and his sales soared to top levels. He has created a Work at Home resource web site that offers simple but great opportunities for people who are willing to change the way they think about work. Check it out here.
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Tags: sales, strategy, effective, marketing, management
Public Relation Theories: How You Control Unit’s PR?
admin | Monday, September 10th, 2007 | No Comments »What’s missing from that picture, of course, is you as a manager doing something meaningful about the behaviors of those important audiences who most affect the business, non-profit, government agency or association sub-unit you manage.
For example, the creation of the kind of external stakeholder behavior CHANGE that leads directly to achieving your managerial objectives. As well as your follow-through in persuading those key outside folks to your way of thinking by helping move them to take actions that allow your department, group, division or subsidiary to succeed. If true, there’s a lot missing from your control and oversight.
Fortunately, the underlying premise on which public relations is based, is really proactive: people act on their own perception of the facts before them, which leads to predictable behaviors about which something can be done. When we create, change or reinforce that opinion by reaching, persuading and moving-to- desired-action the very people whose behaviors affect the organization the most, the public relations mission is usually accomplished.
The good news emanating from that premise is that the right public relations planning really CAN alter individual perception and lead to changed behaviors among your key outside audiences. But your PR effort must demand more than special events, news releases
and talk show tactics if you are to receive the quality public relations results you believe you deserve. That way, you really will stand a good chance of getting the best public relations has to offer.
Employ that approach and the results you seek should soon come your way. For example, community leaders begin to seek you out; and prospects actually start to do business with you; new proposals for strategic alliances and joint ventures begin showing up; customers starting
to make repeat purchases; capital givers or specifying sources beginning to look your way; welcome bounces in show room visits occur; membership applications start to rise; politicians and legislators start looking at you as a key member of the business, non-profit or association communities.
It’s obvious that the public relations staff itself can be of real use when you commence the new opinion monitoring project. After all, they are already in the perception and behavior business. But to be certain, determine if those PR folks really accept why it’s SO important to know how your most important outside audiences perceive your operations, products or services. And this is really important: be sure they believe that perceptions almost always result in behaviors that can help or hurt your operation.
Let’s talk for a moment about your public relations plan. In everyone’s best interests, go over it carefully with the public relations professionals on your team. Talk over how you plan to monitor and gather perceptions by questioning members of your most important outside audiences. Try to ask questions like these: how much do you know about our organization? Have you had prior contact with us and were you pleased with the exchange? Are you familiar with our services or products and employees? Have you experienced problems with our people or procedures?
Retaining professional survey firms will be proposed as the best way to do the opinion gathering work. But ave no illusions about the added cost when compared to using your own PR staff. But whether it’s your people or a survey firm asking the questions, the objective remains the same: identify untruths, false assumptions, unfounded rumors, inaccuracies, misconceptions and
any other negative perception that might translate into hurtful behaviors.
Next we set an achievable goal addressing the most serious problem areas you uncovered during your key audience perception monitoring. Will it be to straighten out a dangerous misconception? Correct a gross inaccuracy? Or, stop a potentially painful rumor before it does more damage?
Because, a matching strategy is mandatory in order to show you how to reach that goal, we address it here. For better or worse, there are only three strategic options available to you when it comes to solving perception and opinion problems. Change existing perception, create perception where there may be none, or reinforce it. But the wrong strategy pick will taste like sour orange marmalade on your Gnocchi. So be certain your new strategy fits well with your new public
relations goal. You certainly don’t want to select “change” when the facts dictate a strategy of reinforcement.
Every public relations professional is painfully aware of how crucial good writing is to the business. And here, it’s true once again as you face the reality that you must put together a persuasive message that will help move your key audience to your way of thinking. It should be a carefully-written message aimed directly at your key external audience. Hopefully, your best writer willingly accepts the assignment because s/he must produce language that is not merely compelling, persuasive and believable, but clear and factual if it is to shift perception/opinion towards your point of view and lead to the behaviors you have in mind.
As you consider those communications tactics most likely to carry your message to the attention of your target audience, you’ll be pleased to discover that there are many waiting for you. From speeches, facility tours, emails and brochures to consumer briefings, media interviews, newsletters, personal meetings and many others. But be certain that the tactics you pick are known to reach folks just like your audience members.
Keep in mind that the method by which you communicate your message will bear heavily on its
credibility, which is always fragile. That’s why you may wish to unveil your corrective message before smaller meetings and presentations rather than using higher-profile news releases.
As you measure the headway made in moving key audience perception, it will become clear that a second and comparative perception monitoring session will be needed. Those data will comprise your first progress report. Fortunately, you can use many of the same questions used in your benchmark session. But now, you will be watching for signs that the bad news perception is being altered in your direction.
First-aid may be needed if momentum slows. And that suggests speeding up matters by either adding more communications tactics and/or increasing their frequencies, or both.
Maintaining control of your unit’s public relations will confirm that, in fact, you really ARE doing something meaningful about the behaviors of those important outside audiences of yours that MOST affect the group, department, division or subsidiary you manage.
Then you’ll know for certain that public relations is working well for you. Please feel free to publish this article and resource box in your ezine, newsletter, offline publication or website.
Bob Kelly counsels and writes for business, non-profit and association managers about using the fundamental premise of public relations to achieve their operating objectives. He has published over 200 articles on the subject which are listed at here, click Expert Author, click Robert A. Kelly. He has been DPR, Pepsi-Cola Co.; AGM-PR, Texaco Inc.; VP-PR, Olin Corp.; VP-PR, Newport News Shipbuilding & Drydock Co.; director of communications, U.S. Department of the Interior, and deputy assistant press secretary, The White House. He holds a bachelor of science degree from Columbia University, major in public relations. Visit this site
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Tags: public, relations, theories, communications, management
Public Relations Management: Are Managers Being Helped by PR?
admin | Friday, September 7th, 2007 | No Comments »Montagu Private Equity
admin | Thursday, August 30th, 2007 | No Comments »Montagu Private Equity
Montagu Private Equity | Private Equity Profile
The following piece on Montagu Private Equity is being published as part of our Private Equity Tracker Tool, our daily effort to track private equity firms in the industry.
Resource #1: Montagu Private Equity is looking to sell British Car Auctions, Europe’s biggest used vehicle auction company, for £600million, according to reports. If true, it would bank a tasty £150million profit on the business that sells over 800,000 vehicles every year. It bought the company three years ago from a consortium of investors, including Lord Ashcroft, current deputy chairman of the Tory Party.
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Bridgepoint Private Equity
admin | Wednesday, August 29th, 2007 | No Comments »Bridgepoint
Bridgepoint | Private Equity Profile
The following piece on Bridgepoint is being published as part of our Private Equity Tracker Tool, our daily effort to track private equity firms in the industry.
Resource #1: Shares of Bridgepoint Education dropped Wednesday after the for-profit online education provider said its biggest stockholder, the private equity firm Warburg Pincus, and members of its management team planned to sell up to 11 million of their shares in a secondary public offering.
Warburg Pincus owns nearly 65 percent of Bridgepoint’s 53.3 milllion shares outstanding, according to the regulatory filing, or 34.6 million shares. The company did not say at which price they would offer the shares nor a date when they would be available for sale.
Bridgepoint will not receive any proceeds from the sale. Shares dropped $1.45, or 7 percent, to $19.33 in afternoon trading.
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AIG Private Equity
admin | Wednesday, August 29th, 2007 | No Comments »AIG Private Equity
AIG Private Equity | Private Equity Profile
The following piece on AIG Private Equity is being published as part of our Private Equity Tracker Tool, our daily effort to track private equity firms in the industry.
Resource #1: AIG Investments, the asset management arm of global financial giant American International Group, has now officially confirmed that it is up for sale and is negotiating deals with two parties. AIG Investments oversees some $100 billion in assets for AIG clients including pension funds and other insurance companies.
In the just released annual report of AIG Global AMC (India), AIG Investments has said it has selected financial partners and has entered into a period of exclusivity during which the financial partners will finalise their due diligence and negotiate a definitive purchase/sale agreement. AIG Global Asset Management Company (India), which has managed assets worth Rs 1,500 crore through mutual funds, is a also member of AIG Investments. Source
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Talos Partners
admin | Tuesday, August 28th, 2007 | No Comments »Talos Partners
Talos Partners | Private Equity Profile
The following piece on New York-based Talos Partners is being published as part of our Private Equity Tracker Tool, our daily effort to track private equity firms in the industry.
Resource #1: Talos Partners Buys 4.5% Stake in Spanish Media Company
On top of the ten million shares that Talos has purchased, it has also acquired a warrant for up to one million more shares at €6 each. PRISA operates in the fields of education, information and entertainment through via various media formats.
Robert Brazell, Talos’ chairman who has been openly critical of traditional media companies in books and articles, said, “PRISA is the first intelligent, diversified, customer-centric, device agnostic, media group I have seen in ten years. PRISA has successfully transitioned in the new media model and will continue to dominate the modern Spanish-speaking media for the next 20 years.
“This PRISA partnership has moved all over our firm during the past few months,” added Brazell. “It began as a strategic partnership, then migrated to our structured lending people, and finally ended up with our capital group. When our team presented the in-store media partnership, we became more interested in PRISA’s core business. The more we drilled down past vision into technology and asset integration, the more we wanted to own part of this business.” Source
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Public Relations Crisis Management- Avoiding Disasters
admin | Sunday, August 26th, 2007 | No Comments »
In our previous article in our public relations series we discussed how to land you first job in the field of public relations. In this article we’re going to briefly touch on what exactly public relations is and how complex it has become in our modern world.







