No. But if one were to use advertising alongside any Public Relations exercise, it would pay rich dividends. Most MNCs allot 70% of their annual business promotion budget towards advertising and the remaining 30% for Public Relations.
Even though a paltry 30% is set aside for PR, it is a low cost, potent marketing tool that can boost a company's corporate presence. In the final analysis it must be said, however, that no Public Relations exercise is complete without advertising.
A Press Meet is generally organized, if the event or happening has greater news significance. In the case of general news, circulating press releases – a less expensive and less time consuming strategy - will suffice. Catalyst PR will prepare a press release meticulously, distribute it among the members of the media and ensure that it is covered in the apt publications.
On the other hand, as opposed to merely issuing a press release to the media, Press Meets are a greater guarantee of media publicity and more coverage. Again, the key to press publicity is the newsworthiness of your organization.
Despite the fact that your business is like other businesses of its ilk, there will be some information in your business that could be considered newsworthy. There is no business that does not have any newsworthy information. Things that might seem banal & common place to your firm may interest certain sections of the media as being important and newsworthy.
A classic example:- Today, the number of magazines in the print and cyber-media are numerous. Your everyday business is news for them. In spite of all this, if you still consider that your business has no information that you consider as being newsworthy, we will enumerate and analyze the information you have, and come up with something newsworthy for your organization.
If the news can capture the attention of all the reporters, then there is a good chance of it being published in all publications.
However, it cannot be guaranteed that all the members from the media who attend the press meet will definitely publish the news event. But, there are higher chances of Tamil newspapers publishing the concerned news event, because the papers have plenty of space solely allotted to covering news relating to only Tamil Nadu. Since English newspapers cover the entire nation, very little space is allotted to news pertaining to local businesses.
It is not enough if there has been news worthy event. It is a must to prepare media releases that can be easily understood by all the members of the media. This is where Catalyst plays a pivotal role, by providing excellent press releases written by its in-house copywriting division manned by experienced copy writers.
It also involves organizing a press conference, preparing invites for the members in the media and supplying information in the form of press releases, meeting the members of the media personally if they are unable to attend the press meet and feeding them with the requisite information to mention a few. Catalyst plays a vital part in ensuring that these are done.
Unlike advertisements, the news coverage cannot be confirmed before hand. One cannot dictate to the media, with regard to the size and date of appearance of the write-up. Depending upon the importance of the news event, editorial policy of the newspapers and availability of space, the news event may be published as a very small news bit or a big one or some times may not.
When a press conference is organized, the client's organization is usually required to provide the following: company literature, visiting cards, letter heads, envelopes, files as well as any specific stationery that will be required.
Additionally, the standard quotation involves an advance payment of 50%. Thereafter, 25% of the fee is collected during the job and the remaining 25% is collected after the job is done.
To a large extent, the cost of a press meet depends on the Media Plan. If you require the news event to be released in many publications, then the cost is high. Otherwise, it is understandably lower.
However, it should be remembered that publicity through advertisements, event management, fashion shows or exhibitions is more expensive. Of all the existing mediums a media-related PR strategy is the cheapest and has the widest reach.
The first and foremost duty of a public relations firm is to identify newsworthy information and then express it clearly in an easy to understand manner in the form of a media release. The second important duty is to identify the target audience for that news. Then, to ensure that it reaches them; the agency should prepare a media plan. In Tamil Nadu, Catalyst Public Relations is the only agency that has executed these functions to perfection.
In a span of fifteen years since its inception in 1997, Catalyst has provided over 2000 media-related services for 400+ clients. In terms of client numbers per annum, Catalyst is the most prolific and leads the roster of PR agencies in Tamil Nadu.
Catalyst maintains a cordial relationship with members from all the publications and it is aware of the changes that take place in almost all departments, and in accordance helps you create news about your business. It leverages it is contacts in the media effectively to give your business a cutting edge over its competition.
In conclusion, we trust that this primer has served its purpose by providing you with a greater insight and understanding of a media-related PR exercise and of Catalyst PR's professional approach.
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