By Ascend Marketing
MAY 15, 2017 | MARKETING STRATEGY
The first press release was believed to have been created more than 100 years ago by Ivy Lee, whose agency was working with the Pennsylvania Railroad at the time of the 1906 Atlantic City train wreck.
The idea was to perpetuate the Railroad’s version of the story before the journalists could report on what actually happened. Not much has changed in the last century in terms of the mission of the press release – control the story.
What has changed, thanks to the advent of the internet, is how it is used. Prior to the internet, press releases would be faxed or mailed. They were a good tool for journalists, who had to primarily rely on the phone and in-person interviews when reporting a story.
The internet impacted that equation. At first it made the press release very powerful for a couple reasons: First, journalists could receive press releases instantaneously and act fast; and second, the internet led to the development of the news wire. These services maintain a list of email addresses of journalists so that a press release can be “blasted” out through their sites to hundreds, or sometimes thousands, of journalists simultaneously.
Over the last decade, however, things have changed. The internet’s impact on journalists and the use of press releases have become as much a curse as a benefit. With their email addresses readily accessible, most journalists are bombarded with releases. Among the thousands they receive per day, they could easily miss a press release you’ve sent them.
So, is the press release dead? Is the return on investment too low to include releases in the marketing mix? When it comes to placing press releases on the news wire in order gain coverage, the answer is yes. But the well-crafted press release can still be valuable if utilized properly. Here are three ways to do that:
The press release is not dead. It can still shape your story, much as Ivy Lee had hoped more than a century ago.
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