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At a time when positive indicators are thin on the ground, this week's majority sale of top 15 UK PR firm College Hill, to private equity firm Vitruvian Partners, is a vote of confidence in the comms business.
Private equity funds have a ten-year life cycle, meaning they are expected to have returned investors' cash, hopefully with profit, at the end of that period. Because it takes time to find investments, funds are seldom fully invested much before year four.
Someone asked me this week: 'Who are the hot agencies in City and corporate PR?' This is always a tough question.
Word reaches these shores of a fresh PR and lobbying initiative by UK-based airlines and airports, a move that may be long overdue.
Is the bottom dropping out of the celebrity market for brands, publicists and media alike? Perhaps the surest sign the bandwagon has hit the buffers is the dwindling sales of weekly celebrity magazines. Although they still post plausible circulation figures of hundreds of thousands each, the reality...
Hot on the heels of the ONS census for England and Wales, please look out for the 2011 PR Census, which has been created by PRWeek and the PRCA.
The Media Standards Trust's decision to launch churnalism.com last week - a site that enables users to see how press releases have been 'churned' into media news stories - reignites the debate started by Nick Davies' Flat Earth News three years ago.
One of the more challenging suggestions to emerge this week is that there are more psychopaths in British company boardrooms than there are in our mental hospitals.
The economics of financial PR firms have a lot in common with those of the medium-sized financial houses - what we used to call mid-cap brokers.
Everyone knows these are tough times for the public relations industry in general and financial public relations in particular.
