I find it amazing that the PR Newswire would be worth $1 billion. They distribute press releases and charge for the privilege. In a world of links, anyone who wants your flackerie, your company line, can come to your company site. But, of course, you’ll still want those who don’t want your stuff to see it and you’ll want writers to read it. But the days when one organization could charge for having a conduit to newsrooms is likely short-lived as is the value of getting just to newsrooms.