Global News

"An article printed in a newspaper published through news press release states that there was a time when a printed word in the newspaper was held sacrosanct. Now, the competition is driving the media to give a new meaning to the everyday events by twisting the facts. Stephan Cohens moral panic model explains the methods used by the media top press release sites to exaggerate and distort the event. Moral panic refers to an exaggerated reaction given by the media or people to a particular event. The overreaction leads to exaggerated the seriousness of the event. The people or the group, social deviants who are targeted by the News Press Release driven media for causing the harm in the society are called folk devils, says Cohen."

"Almost out of nowhere, Pinterest has emerged as the third most popular social networking site in February. The traffic on this site increased 50 percent from January to February this year. "

"Shell is likely to receive permits from the Interior Department to begin drilling exploratory wells off the North Slope of Alaska as early as next month. Interior Secretary Ken Salazar said on Tuesday that it is necessary for Shell to meet the new standards for offshore drilling set by the Interior Department. "

"Glencore International Plc's 16.9 billion pound ($26.4 billion) bid for the rest of Xstrata Plc was opposed by the Qatar Holding LLC, the second-largest shareholder in Xstrata asking for the bid to be increased by 16 percent."

"Richard Schulze, the founder of Best Buy, is trying to take the struggling electronics retailer private by working out a bid for the purpose. He is negotiating with Credit Suisse bankers to put up the bid. He is the retailer's largest shareholder with a stake of 20.1 percent. "

"Consumer confidence in the US has come down for a fourth consecutive month in June on rising concerns regarding jobs and incomes that have dampened the outlook for spending. The sentiment index has dropped to 62, which indicates a five-month low, from a revised 64.4 in May."

"Standard Chartered has forecast that it may achieve high single-digit revenue growth in the first half and maintain its targets for the full year. It said revenue from markets including China, Indonesia and Malaysia is expected to grow by 10 percent or more."

"Wall Street's top financial firms have given highly-anticipated assessments of Facebook and they have given approval to the company a month after its rocky initial public offering."

"Iran has retaliated against South Korea's move on Tuesday to stop accepting Iranian oil by threatening to stop all import of goods from that country. "

"Boeing has appointed Ray Conner to replace Jim Albaugh as the new head of its best known commercial plane unit in order to gain an upper hand in its battle against Airbus for the $100 billion-a-year aircraft market. "

"Sony Corp's new CEO, Kazuo Hirai outlined his revival plan at the company's annual shareholder meeting in Tokyo on Wednesday and said that the plan will succeed in reviving the company."

"Philip Falcone, the billionaire hedge-fund manager is likely to be sued this week by the Securities and Exchange Commission over claims he improperly borrowed client money to pay his taxes. "

"The Federal Trade Commission has sued Wyndham Worldwide Corp and three of its subsidiaries over alleged data security failures that led to three data breaches at Wyndham Hotels in less than two years."

"Conservative martial arts icon Chuck Norris has criticized gay rights campaigners for trying to overturn a ban that bars homosexual members taking part in the Boy Scouts of America youth organization. "

"Liberty Media Corp won a $950 million jury verdict Monday against French media company Vivendi Universal S.A. in a lawsuit stemming from a 2002 sale of USA Networks."

"Moral panics created by the media news press release backed by interest groups and pressure groups are always looking to create an impact on the social and political institutions. In the instances such as drug taking, the hippie movement, pro-development lobbies and animal rights, the participants generated heated debate in the society as well as brought about legal and institutional reforms. However in some cases, the long lasting impact of the paid press release distribution reportage was neither felt nor seen. Eg. The introduction of Spinning Jenny or starting point of industrialization when machines were considered a bad omen or evil did not last long."

"Canadian pop sensation Justin Bieber latest release ,'Believe', has topped UK album chart, outselling British singer Cheryl Cole's 'A Million Lights' by 3,000 copies."

"Walt Disney Pictures 'The Avengers' crossed the $600 million portal of domestic box office greatness, becoming only the third film after 'Titanic' and 'Avatar' to do so. "

"Since the advent of Online Press Release Distribution via Internet, the information dissemination has become a lot easier than it use to happen before. The audience for the press release has turned global with the writer has to be conscious of writing a universal copy for getting a feedback from far and wide."

"An article printed in a newspaper published through news press release states that there was a time when a printed word in the newspaper was held sacrosanct. Now, the competition is driving the media to give a new meaning to the everyday events by twisting the facts. Stephan Cohen's moral panic model explains the methods used by the media top press release sites to exaggerate and distort the event. Moral panic refers to an exaggerated reaction given by the media or people to a particular event. The overreaction leads to exaggerated the seriousness of the event. The people or the group, social deviants who are targeted by the News Press Release driven media for causing the harm in the society are called folk devils, says Cohen."