Press Releases Are Distributed By PR Newswire.
PR Newswire is one type of news wire service in the industry. It distributes press releases, media advisories and other information on behalf of its clients. The company was founded by Henry T. Heald in 1944 and acquired by UBM plc in 1985 for $43 million ($5 million if debt was assumed).
In 2010, prnewswire UK acquired PR Newswire's European operations from Fitch Ratings as part of a plan to expand into Europe. In August 2016 Cision announced that it bought PR Newswire from UBM plc for $841 million in cash, with an option to buy back or dispose of the remaining stake at either a premium or discount to the closing price on July 30th (whichever was greater). Cision has retained many former employees from both companies who now work at its subsidiary agency networks including IREACHPR ("iReach"), PROFNET ("ProfNet") and VOCUSMEDIA ("Vocus").
PR Newswire is a news wire service that distributes press releases,
News wire services is a news wire service that distributes press releases, media advisories, photos and other information on behalf of its clients. It was founded in 1973 by James Wilson and Charles Phillips as the first electronic services bureau for members of the media. PR Newswire was acquired by United Business Media in 2002 from The New York Times Company.[1]
UBM plc was founded in 1843 and listed on the London Stock Exchange in 1996. It is a British multinational media and information services company that operates in over 100 countries, offering professional publishing, research and events businesses to its customers. In total UBM has over 1,200 offices around the world and employs over 40,000 people worldwide. The company's headquarters are located at Canary Wharf in East London with additional offices located throughout Europe (85), North America (40) & Asia Pacific (30).
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In August 2016, Cision announced that it was buying PR Newswire from UBM plc for $841 million in cash.PR Newswire is a subsidiary of Cision and was spun off from UBM plc in 2006. PR Newswire UK was acquired in 2010. It has franchises such as iReach, ProfNet and Vocus; HARO (Help A Reporter Out); VideoGravity and Interactive Newsfeeds
PR Newswire is one type of news wire service. It distributes press releases, media advisories and photos on behalf of its clients.PR Newswire was founded in 1994 by a group led by Roberta Baskin and Richard Lobo to provide information about the financial services industry to journalists and analysts. In 2005 it was acquired by United Business Media (UBM), which is now part of Sinclair Broadcast Group.[1]In 2006 PR Newswire spun off as an independent company with distribution rights maintained by UBM.[2]
pr wire , like many other types of news wires, distributes press releases. While it is not widely used in the United States and Canada, it is popular throughout Europe and parts of Asia. In addition to providing services to companies that want to get their messages out quickly around the world, PR Newswire also offers tips on how journalists can use these services effectively in their reporting work.
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