India is one of the few countries in the world where print media continues to survive. Within its print media, it is actually the non-English daily newspapers that are driving the growth, and actually continue to thrive. This is not surprising, given India’s vast population and diversity in regional languages. Hence, for advertisers, it makes good business sense to allocate a significant piece of their marketing budget to print. As a result, some of the large English dailies, due to their vast circulation in metros; and regional dailies, due to their growing circulation and wider penetration; continue to attract advertising money.

Business dailies, on the other hand, work on different dynamics. Barring their weekly glossy supplements that draw advertisers, mainline business dailies are mostly considered for financial advertising. However, despite their slow to stagnant circulation, business papers continue to have a unique appeal for the Indian corporate world. Many companies still latch on to an expired idea that assumes that their stakeholders consume information and read news about them only through a few business newspapers. This notion has resulted in an endemic OCD (Obsessive Compulsive Disorder) amongst Corporate India for getting featured in business dailies. It’s high time that CFOs, IROs and corp-comm professionals re-calibrate their expectations and strategies, and the first place to start is to get a reality check by understanding why it’s futile to overly depend on the traditional print media as a channel to reach out to stakeholders.

Five reasons why the business print media overlooks your press releases

Here are 5 top reasons why your favourite business daily is unlikely print your press release:

Circumventing print media’s snub

Even if a corporate manages to manoeuvre through these challenges successfully, no newspaper will print your entire press release word for word. Instead, they will be summarily trimmed to suit the scarce real estate area allocated to your story. Secondly, whatever gets published will have a minimal shelf life and zero reference value. Finally, in a world of sharing and retweeting, a piece of news in print has little recyclable or viral value.

In a digital economy, as far as news archiving, retrieval, sharing and consumption go, screens have unrefutably taken over the paper medium. Content marketing, curated stories, and targeted news are fast becoming global norms for making your stories available on demand. While business dailies still have significant readership, they should only be relied upon for substantial ‘news worthy’ developments.

In the meantime, we need to acknowledge that Press Releases, as a primary method for communicating with stakeholders at large, are going to be around for a long time. But the way in which they are written and distributed is rapidly changing. In a digital world, those who are relying solely on business dailies to build their reputation are losing out on two counts. Firstly, you could be missing out on a massive base of stakeholders who have moved to the digital domain for news consumption. Secondly, falling behind your peers who have embraced curated content and digital distribution, you stand the risk of being the last dinosaur on the block not to recognise how digital media has unshackled corporate communicators with universal information suffrage. If you haven’t yet embraced digital content marketing practices toward reputation building in the digital realm, it’s high time you took a look at it.

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Authored by:

Manoj Saha is the Managing Director of Dickenson World, a leading Capital Markets Communication solutions company. To know more about our capabilities, and how we could help you, contact enquiry@dickensonworld.com.

Manoj Saha
Managing Director
Dickenson World

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