The value of public relations

Toronto-based MDC Partners has announced it has acquired a majority interest in Sloane & Company, a New York-based public relations firm. Miles Nadal, MDC chairman, has said he's willing to spend up to $100 million on agency and personnel acquisitions in the coming months! Hey Miles! Over here in Topeka is a great boutique agency specializing in the booming mobile app business!

Here's his quote that I'd like to splash around today:

"We believe that most of the innovative initiatives happening in marketing communications today are happening within the public relations arena," Nadal said in a statement. "Clients are under enormous pressure to deliver measurable results in a shorter and shorter time frame. Smaller entrepreneurial firms that are empowered to think differently, have the ability to do brilliant work and want to share the wealth, are the best partners for us."

For all of the negative flack the PR biz gets, especially from our friends in the media who have to put up with cold-pitches and poorly aimed emails from PR people who don't do their homework, it is true that the best results and the greatest innovation comes from within the PR disciplines. Engaging publics through social media is much more a function of the PR form of strategic communication than other forms of marketing communication.

Since I started Talon 12 years ago, it's amazing how many times I've had to reinvent what I do. With technology and consumer changes, the task of the PR force is to recognize how to leverage those new technologies to reach those new consumers and influence them favorably toward the organizations we represent.

This is what Winning Rules is all about. Let me know if you discover any of those "innovative initiatives" Nadal talks about so we can explore them together.