Denver Post Avalanche fanboy beat reporter Mike Chambers is being roasted by his colleagues nationally for celebrating the Avs win like he was a member of the team.

Chris Daniels at PRWeek: “Employees have been calling the shots in the PR job market, as demand for talent escalated last year and maintained a furious pace. The all-out war to attract and keep talent led to double-digit pay raises, enhanced benefits packages, signing bonuses and staff dictating where and how they want to work. That was then. Now economic factors are turning the job market into one favoring employers. … According to industry recruiters, the PR job market is showing signs of, if not a downturn, at least the fear of one.
“’Employment contracts are taking a little longer to get approved,’ notes Larry Brantley, president of executive search firm Chaloner. ‘Procurement and leadership are watching spending on new hires a lot more closely than last year. They are concerned a recession is around the corner, so organizations are being a lot more measured and cautious. They don’t want to hire too fast and have to make adjustments and downsize later.’”
The Colorado Avalanche could only post the second-highest post-season winning percentage (.800) on their way to winning the NHL championship last night, but they did set one new record: fastest team to damage the Stanley Cup. Phil Pritchard, the so-called “Keeper of the Cup” who works for the Hockey Hall of Fame, said the Avs managed to dent the trophy just five minutes after receiving it, which he said was “a new record.“
So, who won the week?
So, who won the week?
O’Dwyer’s: “Profitability was up last year for North American PR agencies, according to an annual industry survey conducted by PR merger and acquisition advisory firm Gould+Partners. Gould+Partners’ latest Benchmarking report, which analyzes key factors affecting PR firm profitability, found that North American PR agencies witnessed operating profits averaging 19.7 percent of net revenues (calculated as fee billings plus markups) in 2021, up from 18.2 percent in 2020 and a 2.3 percent increase from pre-COVID 2019’s 17.4 percent.
“ ‘19.7 percent average operating profit is an incredible comeback for the PR industry,’ Gould+Partners’ Managing Partner Rick Gould told O’Dwyer’s.”
“The survey’s findings discovered that profitability was especially high at the largest firms: PR agencies with revenues in excess of $25 million netted average operating profits of 21.3 percent in 2021—up from 20.2 percent in 2020—indicating both increased organic growth as well as growth via acquisition. Firms with between $10 million and $25 million in revenues netted 20.1 percent profitability last year, up from 17 percent in 2020. Firms accounting for between $3 million and $10 million in revenues netted profitability of 19.5 percent profitability, up from 18.1 percent, while the smallest firms—those with under $3 million in revenues—netted the smallest profitability, 15.8 percent, flat from 2020.”
Brad Bawmann was a force of nature. Not like a tornado or a hurricane, but more like the tides – quiet, measured and calm, yet undeniably important and impactful. He built his firm, The Bawmann Group, into one of Denver’s most-respected, capturing a who’s who of clients, particularly in the healthcare and nonprofit industries.
But work was just a piece of Brad’s life. He was always concerned with issues bigger than himself, and that was demonstrated yet again when he traveled to Krakow, Poland, earlier this year to help refugees from Ukraine. And you couldn’t have drinks or lunch with him without seeing him beam with pride as he shared stories about his wife, Wendy, and his kids, Phoebe and Oliver.
Brad passed away unexpectedly this weekend from complications of pneumonia. He was 59.
Ewan Larkin at PRWeek: “Edelman’s multicultural practice has grown 68% since its launch in November 2020, executives at the firm said this week. Following the deaths of George Floyd, Breonna Taylor and Ahmaud Arbery two years ago, Edelman felt the need to formalize and accelerate its involvement in multicultural communications. The agency began by establishing a racial justice comms taskforce, then expanded by building a U.S. multicultural practice that operates across its sectors.” The practice is on track to amass $8.2 million in revenue by the end of the fiscal year.
So, who won the week?
PRWeek: “Ever wanted your nails to smell like you dipped them in a vat of Velveeta cheese? Nails Inc. and Velveeta have made that dream into a reality with the launch of a nail polish collection called Velveeta Pinkies Out Polish, which includes a nail polish duo and nail stickers.”
Walmart heir Rob Walton’s successful $4.65 billion bid for the Denver Broncos means that each of the seven Bowlen kids will net approximately $518 million. Not bad considering Pat Bowlen bought the Broncos for $78 million in 1984 ($217 million adjusted for inflation).
Emily Flitter with The New York Times: “Wells Fargo is temporarily suspending a hiring policy that led some managers to conduct sham interviews of nonwhite and female candidates following a report by The New York Times highlighting the practice, the bank’s chief executive, Charles W. Scharf, told employees in a letter on Monday. Instituted in 2020, the bank’s ‘diverse slate’ policy stipulated that at least half the candidates interviewed for open positions paying $100,000 or more in annual salary needed to be ‘diverse’ — a catchall term for racial minorities, women and members of other disadvantaged groups.” …
“The Times reported (recently) that a former employee in the bank’s wealth management business had complained that he was being forced by his bosses to interview people for jobs that had already been promised to others, just to meet the ‘diverse slate’ requirement.”
Wells Fargo has a history of diversity issues. You may recall that in 2020, Scharf apologized after blaming the bank’s lack of diversity on “a very limited pool of Black talent to recruit from.”
Linhart Public Relations hired Mallory West as a senior account executive and Josh Gaydos as an account executive. West joins Linhart from Golin in Chicago and she will will handle local and national media relations, content development and digital marketing, along with other communications activities, for several clients including the National Cattlemen’s Beef Association, Graebel Companies; Know Labs; Safe Rx; and Spire Storage. Gaydos previously was Director of Principal Operations for the Jaime Harrison for U.S. Senate Campaign in South Carolina. He will support clients such as Black Hills Energy, Graebel Companies and Transitional Energy.
Linhart also promoted Sari Winston to account executive. She will continue to support a variety of clients, including Chocolove and Safe Rx, with media relations, research, social media, digital marketing and graphic design services.
Congratulations to Laura Ledermann and the team at Denver’s Scream Agency, which is celebrating the agency’s 25th anniversary.
“Scream Agency could never have reached where we are today without our dedicated team and supportive clients who have helped us reach our goals and continue to push us to do better and be better,” says Ledermann, founder of Scream Agency. “It has been a privilege to work with a variety of brands to serve our communities and the planet through our core values.”
So, who won the week?
Jon Schleuss, the president of the largest union of journalists, is calling for the the Biden Administration to urge the FCC to reject an attempt by hedge funds Apollo Global Management and Standard General to acquire TEGNA, the parent company of 9News:
“I urge you to call on the Federal Communications Commission to block the takeover of TEGNA, one of the largest local broadcasting television station groups, by Wall Street mega-funds Apollo Global Management and Standard General. This proposed transaction would kill journalism jobs, undermine local news and raise prices for American families”
“Wall Street firms behind this transaction secured billions of dollars in financing by apparently planning to cut journalism jobs. In addition to forcing dedicated local reporters to take ‘the longest walk a parent has to make’ to tell their children that mom or dad lost their job, such brutal cuts also would undermine local news. With less local news, communities will suffer from lower voter participation, higher taxes, more corruption and increased partisanship.”
Michael Roberts at Westword: “Denver TV stations have long experienced significant turnover, with reporters and anchors typically leaving one outlet in favor of another. But over the past year-plus, the pace of such departures has increased markedly, and many of those moving on have done so not to climb the broadcast-journalism ladder but to start over in entirely new careers. This phenomenon is epitomized by the action at affiliated stations Fox31 and KWGN/Channel 2.”