Blog

India PR Market Beginning to Bloom

By Rick Gould CPA, J.D.

The India PR market continues to draw interest among U.S. firms with an eye on future growth and global expansion. Late last year, for example, Dentsu Aegis Network bought India-based Perfect Relations for an undisclosed price, while WE Communications, is currently in acquisition talks with Indian PR consultancy Avian Media, according to the Holmes Report. At the same time, …read more


Opportunities Abound for Asian PR Market

By Rick Gould CPA, J.D.

Is it the dawn of the Asian century? The notion is debatable among global economists and civilians alike. But there’s little doubt that countries throughout Asia are rapidly increasing their economic, business and cultural clout. At the same time, marketers throughout Asia are facing some serious headwinds when it comes to bracing their companies for …read more


G+P Benchmarking Survey: PR Agency Profitability Flat in 2016

By Rick Gould CPA, J.D.

U.S. PR agency profitability was 15.2 percent of net revenues, according to PR professionals responding to the annual Benchmarking survey conducted by Gould+Partners. A total of 101 prominent agencies—based throughout the United States and Canada—reported an average profit of 15.2 percent in 2016. That’s compared to 15.3 percent in 2015, 16.2 percent in 2014 and …read more


Gould Featured in ‘Future of PR’ Video

By Matthew Schwartz

We continue to push online video content as a major priority for PR firms looking to grow their profitability and expand their clientele. When you consider the growing impact of online video content it’s little wonder that visual communications is starting to command both more budget and creative thinking among PR shops. Online video content, …read more


How Should PR Firms Plan for the End Game?

By Rick Gould CPA, J.D.

(This article originally appeared in the June issue of  O’Dwyer’s) The PR M&A process is seldom easy. But as the public relations industry has evolved and become more complex, so too has the PR M&A process. When sellers sit down with buyers these days there are sharper and more difficult questions coming from both sides of …read more


Online Video: Take Your Best Shot

By Matthew Schwartz

PR firm owners know the scene. They land a new account and sit down with the buyer(s) for an initial strategy session. After exchanging niceties PR firm owners reach into their portfolio and offer a package of services that would best align with the client’s goals and/or financial objectives. Assuming budget is available PR executives …read more


Agency M&A: Big Decision, Vital Questions

By Rick Gould CPA, J.D.

I had the privilege of speaking at the Public Relations Global Network‘s (PRGN) annual conference, which took place in Dallas, in late April. The presentation, titled “Agency Mergers and Acquisitions: What Works, What Doesn’t,” was well-received among the PR firm owners and C-level communications executives attending. During my presentation and afterward—when I had the opportunity …read more


Counselors Academy Spring Fling

By Rick Gould CPA, J.D.

I’ve been a guest speaker at the Counselor Academy spring conferences for many years, and this year’s gathering is no exception. The 2017 Counselors Academy Spring Conference, which takes place May 7 through May 9 in Seattle, Wash., holds great appeal for PR firm owners and C-level executives. This year I’m happy to be part …read more


Women, Leadership and PR

By Rick Gould CPA, J.D.

It’s a gap throughout PR field that could seriously damage the industry’s reputation if it doesn’t change its tune. And fast. We refer to the increasing number of women working throughout the PR profession—among both middle managers and senior account executives—but not necessary in the C-suite. According to the Bureau of Labor Statistics, women hold …read more


How to Integrate the Seller With the Buyer, Post-Sale

By Rick Gould CPA, J.D.

I am often asked why some mergers and/or acquisitions don’t go the way a buyer and/or seller originally thought. There are multiple reasons why a transaction may go awry, of course. For instance, the seller may have a different corporate philosophy from the buyer. Or there may be friction between the two sides regarding how …read more