Wire-Distributed Press Releases Are a Waste of Money
A bad PR agency will charge you to produce and distribute a press release on the wire, then send a report showing it landed on Yahoo Finance and MarketWatch. Feifer explains those sites auto-publish every press release, so zero real people see it. Don't confuse 'posted on a big website' with actual success.
- The press release is no longer the primary unit of press attraction
- Wire services get releases auto-posted to sites like Yahoo Finance and MarketWatch
- Those pages exist to dump every release — nobody reads them
- A placement report full of wire hits is not real coverage
“zero people are going to see it in the whole world because Yahoo finance has a section where they just publish every damn press release”