Political publishers Dods Group last year made a small £800,000 profit after years of multi-million pound losses. This was achieved largely by Guy Cleaver halving the bloated sales and marketing headcount down from 119 to 57. Dods celebrated their new found profitability by moving out of their Mayfair offices and into the Shard. Inconveniently situated 20 minutes away from SW1 in SE1.
Dods is lending almost all of that last year’s profits in an unusual investment. It has subscribed for 40% of the issued share capital of Sans Frontieres Associates for a nominal sum and lent it £700,000 to provide initial working capital. Sans Frontieres Associates is chaired by Tim Bell and will do PR and comms work in war stricken hotspots.
Dods reckon that:
“Jonathan Lehrle, CEO and founder has a strong vision for his organisation and the objective to redefine the approach taken to international geopolitical and crisis communications consulting. His vision for his company’s core capabilities and international reach is in keeping with the trends and changing market requirements seen by the Board of Dods.”
The respected NGO Médecins Sans Frontières is less happy. Here’s their spokeswoman Polly Markandya:
“We’d be in the same corridors – us trying to negotiate for humanitarian access and them negotiating PR contracts. It’s too close for comfort. Surely, with their creative brains, they can think of another good name for their venture.”
Other people who wondering about the new comms agency are Dods’ own clients, the comms firms who subscribe to their monitoring services and read their Public Affairs News* magazine. Many may be less than keen on paying monthly subscriptions to their competitor…
*Strangely Guido can not find any mention in Public Affairs News of the launch of Sans Frontieres Associates or the involvement of PA luminaries like Tim Bell and Darren Murphy. Fancy that…