What's the difference between a newswire and a press release wire service?
When you’re ready to hire a PR firm, more often than not, it’s for increased media exposure. During times like this, many terms and phrases are tossed around and it can easily get confusing. It’s important to understand the purpose of and differences between various news wires and how they can help you achieve your goals.
While this is all fine and dandy, for most companies, the bottom line is ... well, the bottom line. You need to know what various services cost and what you’re getting for your money. Being able to distinguish between PR tools like PR Newswire, PR Web and other news distribution services will help make sure you’re speaking the same language when it comes to purchasing PR agency services.
What is a news wire?
Right this minute, someone somewhere is doing something newsworthy. It may even be your company that has exciting news to share and, if so, you will want to share your information with as many customers and key stakeholders as possible. That’s where news wires come in.
A news wire is a service which transmits news and information worldwide in a matter of minutes. It takes its name from the telegraph machines that were once used for the same purpose, and the term is still widely accepted today. Reuters, Scripps-Howard, Dow Jones and the Associated Press are examples of the most popular news wire services.
Although news wires are not actual newspapers, a majority of news outlets all over the world use them. A news wire consists of journalists and editors who write stories, either by covering an event themselves and sending it out through the wire or using newsworthy information sent to them from PR firms, companies and other sources.
This is helpful because most news outlets don’t have the budgets or manpower to physically cover news stories happening throughout the world. For example, government news, a major crime in another state and big news like war breaking out somewhere in the world are all things that news wire services aggregate for other publications.
News outlets pay a fee to receive submissions from the news wire services. Journalists transmit dozens of stories and photographs each day and the news outlets select the ones that they feel will be the most interesting to their target audiences. To get a better sense of the process, it may help to pick up the nearest newspaper and take note of the stories that are written by local reporters and those which have a newswire byline.
The differences between news wire services
The Associated Press wire contains stories published exclusively by AP correspondents and newspapers that subscribe to the AP service. Companies are unable to pay to have their news placed here. Editors select the content they post to the AP wire based on the overall news value.
At PR firms, you will most likely be discussing PR-focused news wires, which are filled with news releases from PR people and companies that pay a fee to post their company news. There are myriad companies that provide these services (PRNewswire, Business Wire, PR Web and others), each with their own unique features and benefits.
How the right PR firm can help
Axia has relationships with both paid and unpaid news wires and we actively pitch our clients’ best stories to our contacts within these news wires. For example, Axia receives volume pricing from these paid news wire services and our public relations agency extends discounted rates to our clients. Therefore, a $2,000 news wire package may cost $400 to $800 for an Axia client, depending on current volume and promotional offerings.
Contact us today or download our free e-book Maximizing Your Public Relations Investment to learn more about how we can increase your number of earned media placements.
Lisa Goldsberry is a writer for Axia Public Relations with more than 15 years of public relations experience. She specializes in business, higher education and technology PR. Connect with Axia Public Relations on Twitter @axiapr.
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