Further to the rumour regarding a deal between PRN [1] and AdSpace Networks [2], we got a firm denial from Dominick Porco, CEO of AdSpace, who told us, “There is absolutely no truth in that whatsoever”
He added “There isn’t a shred of truth in it. The last thing that I would want as a CEO is to have another sales organization representing our industry. We’ve spent too much time in development of our own sales force to turn around and do something like that”
D. Scott Karnedy, PRN’s Chief Sales Officer reached out to us as well and emailed our editor-in-chief to say “While we have scored some big wins lately and I am looking at other strategic partnerships, I have never spoken to the guys at Adspace”
Dominic summed up by saying “Perhaps the rumour started because we recently hired Laurie Edwalds in Chicago – who is one of several people we’ve hired from PRN in recent years. (Edwalds, now executive director, national accounts for AdSpace, was previously vice president, sales, for PRN.) But there is absolutely no truth in that rumour.”
2 Comments To "No Truth To Adspace / PRN Dealings"
#1 Comment By Anonymous On 16 October 2009 @ 17:57 @790
Perhaps it would be wise for DailyDOOH to check their facts before publishing them on this blog unless it is your intention to spread rumors within the industry.
#2 Comment By Adrian J Cotterill, Editor-in-Chief On 16 October 2009 @ 19:21 @848
The ‘FACT’ was that there was a rumour doing the rounds in the US. Always a tricky one to report on and we usually get it right. We hold Adspace in the highest possible regard – they seem to be doing everything right at the moment, are certainly great at feeding us (and the market) with information, have a great management team and a good bunch of investors.
So too PRN, who are seemingly managing to turn themselves around – even with the FOR SALE sign above their heads, they are doing good deals and executing well.
PRN and Adspace would have been a strange partnership but the rumour was there in the US market to report.