Why Your Company Should Still Write Press Releases in 2024

Why Your Company Should Still Write Press Releases in 2024

By Kylie Stanley, PR Technician

In today’s digital age, where social media platforms dominate, the role of press releases might seem outdated. However, press releases remain a powerful tool for businesses to communicate with their audience and the media. In this blog, we will tell you why your company should continue to write press releases in 2024.

Credibility

Press releases contribute to your credibility and establish your company as a trustworthy source of information. When crafted well, they provide media outlets with accurate information about your company’s products, achievements and milestones. A well-written press release ensures that your messaging is clear and that your customers can learn more about your company. Regularly issuing press releases helps to build and maintain your company’s brand awareness. By highlighting your achievements and innovations, press releases reinforce your brand’s messaging.

Media Relations and Coverage

Press releases are an effective way to get media attention and secure coverage. Editors often rely on press releases as primary sources of information for news stories and features. By consistently issuing press releases, you can build relationships with editors and increase the likelihood of your company being featured in relevant publications, both online and in print.

Messaging

Press releases allow you to control the narrative and messaging surrounding important announcements and events. Unlike social media posts or blog articles that can be easily misinterpreted, press releases provide a structured format to convey key messaging. This ensures that your company’s message is communicated accurately and consistently to your target audience.

Long-term Value

Press releases serve as a record of your company’s journey and milestones. They can be archived on your website’s press section or a digital newsroom, providing customers with insights into your company’s history over time. This value not only preserves your company’s history but also serves as a resource for editors and customers seeking information about your business.

Despite the evolving digital landscape, press releases remain an effective tool for communications and media relations. By leveraging press releases, your company can enhance its credibility, visibility and reputation in 2024. If you’re not already, use press releases as part of your communication strategy to reach your audience more effectively.

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The Value of PR

Here is a post from Rosemarie Ascherl, PR Foreman at Sonnhalter, discussing the value of PR. Small PR programs can yield big results.

pr results

The Value of PR

Don’t have the budget for an elaborate, integrated, multi-faceted public relations program? For smaller companies with more limited marketing communications budgets, a PR program that involves a minimal investment and enlists the basic PR tools can generate a huge return.

Measuring PR is a controversial topic, and the industry as a whole agrees that it is difficult, if not impossible, to accurately measure. Traditional metrics of volume and outputs, like ad equivalency and impressions, can provide a snapshot of the PR program’s effectiveness. Assuming the sentiment of the PR results is positive and the delivery is appropriate, right now these metrics are a useful indication of PR’s success. One could actually argue that completely earned space with credibility should actually be worth MORE than comparable ad space.

Of course, it is important to remember the media outlet’s relevance in reaching a company’s audience. While it can certainly be an “ego booster” to receive coverage in USA Today, many of our business-to-business [or as we like to call them, B2T, business-to-tradesmen] clients would be better suited to receive coverage in a targeted trade journal with a circulation of 3,000.

As an example, at Sonnhalter we have a smaller, long-standing industrial-focused client with a small PR budget. This client places a priority on PR initiatives over other marketing communication initiatives. In the past year, a basic press release program combined with a modest media relations effort garnered quite a bit of media coverage [if using the traditional metrics, it generated 1,000 percent of its PR investment], which increased brand and company visibility.

Recently this client acquired another company, and it turned to Sonnhalter for assistance in announcing this news to the industry. As its business continues to grow, so does its PR program. Proof that an effective PR program doesn’t always need a large investment.

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