The FT reports "Financial Dynamics, one of the top financial public relations companies, is being bought for an initial $260m in cash and shares by FTI Consulting, a US consulting and investigations company."
The FT says: "It is also the first time a financial PR firm has been acquired by a consulting company, rather than a media or marketing group."
This does not say a great deal for the media groups who own "Public Relations Consultancies".
It does reflect conversations with CEO's of PR firms owned by advertising dominated groups who are frustrated at the 'in yer face' publicity pitches they are routinely asked to provide.
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