offers three PR pitch losers cash for their ideas

A trio of top PR agencies have been offered 'cash for ideas' ­aft­er being eliminated from a high-profile pitch process.

Cash for pitch ideas:
Cash for pitch ideas: this week concluded a six-way pitch for consumer PR support, by app­ointing Cake.

But the price comparison website then surprised some of the losing agencies by also offering to pay for their creative.

Agencies taking part in the pitch included Borkowski, Hill & Knowlton and The Red Consultancy. PR manager Kelly Davies said rather than being passed over to Cake, the ideas would be used by the in-house team, which will continue to focus on the personal finance pages.

Davies revealed that one of the agencies approached dec­lined to sell its ideas. She said she was ‘working out the det­ails’ about how much the other two agencies would be paid.

Trade body the PRCA, which has formed a working group to protect agencies’ intellectual property, welcomed the unusual move.

PRCA communications ­director Richard Ellis said: ‘When an idea is inspiratio­nal, it has a value beyond the time spent on it.’

Davies said Cake’s brief was to ‘take off the money pages and on to the consumer pages’.

She added that broadcast media and consumer magazines would also be targeted.  Cake associate board director Michele Newberry said: ‘We’re looking to develop an overall strategy across PR, experiential and digital outreach.’

PRWeek previously reported that’s pitch process was initiated via ­Twitter, in what was dubbed the first-ever PR ‘twitch’ (PRWeek, 22 May). Ironically, Cake did not join the pitch list via Twitter – Davies contacted the agency separately. previously used finance agency Polhill Communications. Cake has been appointed for an initial one-year contract.

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