Kudos to Carl Bialik at the WSJ for opening the can of worms that many within the “public relations” industry would like to keep closed, particularly those that pitch AVEs (Advertising Value Equivalents) as the metric by which they charge for their services…
Here’s the thesis:
This blogger would argue that putting a definitive monetary value on a blurb is bombastic, BUT, the PR hack’s job is to get the client as many mentions as possible, whether in major newspaper stories, radio, TV or attributions in blogs. For those that favor a flat tax, maybe there should be a flat fee, or a fee scale that’s based on number of third-party mentions, and the scale is limited to media sectors?
What sayeth you? Let us know!