On the Web 2.0 Journal, Fuat Kircaali blogs:
...roughly 70% of today's PR firms with their traditional public relations and communications business structures will not survive the fast-approaching social media avalanche.
He further states that
ninety per cent of today's PR firms are still in business
in essence, because SEC rules still compel publicly held companies to release material information via press release or telephone conference call; but this will in all likelihood be changing shortly.
I, too, have blogged about the SEC's consideration of corporate websites (and by extension blogs) as acceptable means for publicly disclosing material information.
Within the same forum - indeed almost in the same breath - Mr. Kircaali does some chest beating for Ulitzer, Sys-Con's content syndication platform, and promotes it as tool that can lead forward thinking agencies and their clients to salvation.
I am in the tech PR business and would never use my forum to deride Sys-Con, an esteemed technology publishing brand. Certainly Mr. Kircaali doesn't need me to point out that many have talked about the extinction of the tech trades. I am sure he does not appreciate that kind of sentiment, and hopefully does not take lightly blaring headlines that herald the demise of an entire industry.
If you can get past the melodramatic headline I believe he does make some good points. For example, he says:
Tomorrow's (and I mean tomorrow, not the next decade) marketing game
will be played on professional corporate blogging platforms. The
companies with the largest number of well-read and respected corporate
bloggers will win the marketing and propaganda games. Larger companies
will need larger armies of corporate bloggers. The new job description
of "professional corporate blogger" will be a very popular one.
If you think the PR industry is just about regurgitating news for public disclosure purposes then perhaps you will agree with Mr. Kircaali; if you understand that PR can be so much more, then you will strenuously disagree.
