Yesterday I revealed how the City’s largest financial PR Company Buchanan is mired in scandal after one of its employees appeared to pose as a private investor to discredit shareholders opposing the (failing) management of a company it is paid £10,000 a month to represent. This appears to be a total breach of industry guidelines and if P45s are not handed out next week then the stench of cover-up will be unbearable. But this is just the tip if the iceberg as I shall explain below.
Needless to say Fleet Street has not followed up on this even though I know (I can track IP) that scores of journalists have read the piece. The journalists do not dare expose the PR firm that acts for more listed companies than anyone else. Cross Buchanan and there will be no hand-delivered scoops and no job in PR when you fancy earning real money. This is a very big story in the financial press but it just will not get covered. That shows the corruption of journalism as well as of PR and perhaps that is why fewer and fewer folks bother reading the deadwood press any more.
Remember how it was websites not the established press that broke the stories of lobbying scandals in politics and sleaze. It was the same principle at work.
This morning
on Shareprophets | Comments