And Dominic’s post was a great read. Thanks for sharing that.

Thanks for taking the time to comment on this post. I really appreciate your input.

I appreciate the thoughtful dialogue on the issue of including earnings tables on the wire vs. notice-and-access.

In working with the wide range of end-users for earnings releases, we are repeatedly told that tables on the wire are critical. Dow and Reuters can’t publish headlines quickly without them.

Your post references our recent blog entry that cites Rick Stine, senior editor of Dow Jones and Martin Howell, editor of Reuters as both detailing their need for tables. NIRI’s recent best-practices recommends tables be included in earnings releases as well.

With the advent of XBRL tagging of financials, the need for those numbers to travel with the news becomes ever more critical. Many news and analysis systems have programs that auto-read numbers from news feeds; they don’t have people that click on a hyperlink from a wire release. Wouldn’t be efficient or timely.

And in today’s volatile markets, with reduced staffing at news organizations, it just doesn’t make sense for professional communicators to make it harder to find this critical information.

Dropping earnings tables on the thousands of news sources people use to access company news (with Business Wire feeds) such as Yahoo Finance, and instead sending a notice-and-access alert is completely penny-wise and pound-foolish. It simply doesn’t serve the needs of all market participants, something we consider as a critical mission.

We’re proud of the continuous upgrades we make to our system, including building a patented, simultaneous delivery network that carries XHTML and XML content. We’ve successfully pushed downstream recipients to upgrade their systems to carry this rich content.

But ultimately, if end-users don’t get what they need, when they need it and where they want to receive it, then that’s just a loss for the free-flow of information in our capital markets.

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RT @swhitley: “Earnings Tables are not Necessary in Press Releases” – [new post] – [link to post]

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“Earnings Tables are not Necessary in Press Releases” – [new post] – [link to post]

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