By Dominic Jones | Published: May 3, 2007 | 
Printer version
| Comment |
Business Wire in NYSE deal — shock, horror
By Dominic Jones
NO I’M not going to freak out about this the way I did about NASDAQ owning a news release business at the same time as requiring its listed companies to use press releases to distribute their information.
From a release issued by BW this afternoon:
Business Wire, NYSE Enter into an Affinity Marketing Partnership That Provides Corporate Issuers with Special Benefits
Wednesday May 2, 3:30 pm ET
NEW YORK–(BUSINESS WIRE)–Business Wire and the NYSE today announced that they have entered into an affinity marketing partnership that provides all Big Board-listed companies with a broad range of special benefits and added-value services.
The marketing arrangement provides all NYSE issuers with a special Business Wire membership package that includes complimentary EDGAR regulatory filings, incentive pricing on select products and services, and co-sponsored educational conferences and webinars on topical investor relations themes.
But I am wondering how NYSE Euronext’s own news release company feels about the deal. I guess that’s why there’s no mention of the word exclusive in the release.
So, for what it’s worth, if you’re with a NYSE-listed company let me be the first to offer you “a broad range of special benefits and added-value services” at reduced rates from IR Web Report as well (just click on “Services” on the left).
And I’m sure these guys here, here and here will do the same if you ask nicely. Oh, and if you’re with a NASDAQ-listed company, don’t feel left out because you can get the same deal, too.
Update: And the same goes for companies listed on Amex, ASX, BME, BSE, Borsa Italiana, CSE, HKEx, ISE, TSE, NZX, TSX, LSE, Deutsche Borse, OMX, JSE, KLSE, Bovespa, SWX, SES and every other member of any institution with either an X or an E at the end.
Related posts:
- Why almost no one is complying with Regulation FD
- SEC greenlights "notice-and-access" news releases
- SEC’s new guidance for websites and blogs posted
- US IRO pay figures released
- Is there a disclosure issue here?
Please Support Our Work
Email your friends about us. Subscribe to our paid publication Online IR Trends Quarterly. Get us to recommend improvements to your IR website (we're really good at it).