The news is that Publicis is acquiring Kekst for somewhere in the neighborhood of $100 – $200 million. The real news is how Publicis chairman and CEO Maurice Levy, who has known Kekst & Co. founder Gershon Kekst for some time, characterized the deal: “It’s like having a marriage with a cousin.”
That’s the line that catches your eye and you know immediately why this union will fail. Kekst has carefully nurtured a public image of an exclusive, secretive partnership, the McKinsey of PR that is focused entirely on financial PR. If Andrew Ross Sorkin is writing about it, Kekst is working it, sometimes both sides of the deal. Their fees are high, they do not promote themselves or their client list – if you have to ask they’re not for you. Publicis is a huge behemoth, and the reported price seems like a bargain. Gershon is getting on in years and philanthropy is more on his mind…. all the usual red flags of a bad match are there. Beyond that, look what happened to Jerry Lee Lewis when he married his cousin.

Liz Manages Madonna & A-Rod, the new Marilyn & Joltin’ Joe?
Thomas Jefferson is believed to be the first to coin the term “public relations” in 1807, during the seventh annual address to the joint session of the U.S. Congress. Jefferson faced rising aggressions with the British that would eventually lead to war. As the third President of a fledgling republic Jefferson understood that public perception was critical to success of a mass ideal and managing relations with constituents was a key component to his job.
Much is underway at the new Murdoch-owned Dow Jones: Wall Street Journal and Dow Jones staffers will be consolidated at the News Corp. building in midtown Manhattan,
snag a wider audience. The Wall Street Journal, along with USA Today, is truly a national newspaper that is not anchored to one locale (Wall Street being a state of mind). The New York Times has made a play for national prominence through a distribution agreement with Starbucks but it will always be perceived as a New York paper.
My big complaint with
to really challenge TV. Why not