Edelman creates tool to create social media news releases
By Tom Foremski - December 7, 2006
I caused quite a stir earlier this year with my Die! Press Release Die! Die! Die! post. It came about from my frustration with the usefulness of the conventional press release. I offered some characteristics of what a new media press release might have, such as more links, labels/tags to quickly find information, and have links to related news stories, etc.
Many in the PR community have been working to create a more useful press release, which is wonderful. I applaud all efforts to make my job easier.
Edelman [an SVW sponsor] just released a tool/template it calls StoryCrafter that helps produce what has come to be known as a "social media news release." Shift PR has produced one too, and so has PRX Builder.
I'm not a big fan of the term "social media" I think "new media" would have been sufficient--and a more neutral term. But as long as everyone agrees on one meaning that is fine.
PR companies are extremely competitive and so the vying over whose social media release tool/template is better than the rest is only just beginning. Will there be one standard for social media releases? Maybe, but not yet. Let's try out these and other formats. I'm sure that a set of best practices will develop and everyone will benefit.
What interests me is if the PRnewswire and Businesswire services will carry social media releases. My understanding is that they charge extra for every link carried in a news release. Since links reduce the need for long press releases, their business model is threatened.
It is clear that the newswires are facing more than one challenge to their business model and are becoming increasingly irrelevant as news distribution platforms. The Internet is so much better at distributing information, it is vastly cheaper, and has far greater reach.
PRNewswire and Businesswire charge a lot of money, money that could be better used in communicating company news through formats such as the social media news release, and technologies such as RSS.
All that is needed is a ruling by the SEC that a company's RSS enabled newsroom and its web sites, satisfy requirements for broad and immediate dissemination of material information. I don't think that we are far from such a ruling, IMHO.
Link to :: Edelman :: EDELMAN INTRODUCES WEB-BASED TOOL FOR PUBLISHING SOCIAL MEDIA NEWS RELEASES
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Comments (4)
Hi Tom,
Thanks for mentioning PRX Builder. There's a lot of innovative work going on right now, and I hope you'll be pleased with the final results. There's still a long way to go.
I just wanted to clarify one thing on behalf of PR Newswire. I brought the issue of link charges up to them in September after I heard you discuss it on the NMR podcast. PR Newswire charges by the word over a certain word maximum. Because many links usually come toward the end of the release, each link is charged as an additional word. Therefore, my understanding is that if you have a well-written and concise release, the links below the maximum word limit should be included in the base price.
Shannon Whitley
Whitley Media
Posted: December 7, 2006 5:57 PM
Though it's difficult to determine precisely what you think about StoryCrafter, the main point seems to be that it could make your job easier... which should be the goal of every foray into the NMR.
Regarding "My understanding is that they [PRN and BW ] charge extra for every link carried in a news release." This is incorrect. The only thing that it would count towards is word count, and if a url brings the word count over a certain threshold, then yes, it would cost more.
That said, it isn't as expensive as some might think to make a release like this: http://www.prnewswire.com/mnr/cymfony/26320/
especially considering what it includes and accomplishes.
Thanks for weighing in!
Posted: December 8, 2006 8:49 AM
David: I'm all for StoryCrafter and the other efforts in this direction. And thanks for the clarification about links in PRnewswire and BusinessWire. I'm amazed then that links are so rare in releases...
Posted: December 8, 2006 1:31 PM
- StoryMakerUpper 1.0 is a web-based proprietary software tool designed to help clients manufacture news stories with pushbutton, fill-in-the-blank ease. StoryMakerUpper minimizes the burden of actual writing skills.
- The StoryMakerUpper is almost identical to Shift Communicatons’ social media news release template and appears to be a derivative of the PRX Builder service announced in September. However, by also incorporating features such as comments and trackback, Edelman uniquely can help companies dramatically lessen the time it takes to get mugged by rabid pitchfork-and-torch-bearing idiots in the blogosphere.
For more: http://www.strumpette.com/archives/254-Mega-PR-Firm-Releases-StoryMakerUpper-1.0.html
Posted: December 10, 2006 8:16 PM