1384:
591:
567:. After the university changed administrations in 1994, Forbush was unable to convince them to continue running the service. Forbush privatized ProfNet in 1995 and sold it to PR Newswire in March 1996. As a commercial service, ProfNet began charging institutions to participate. By the end of the following year, the distribution list included 2,800 contacts, mostly affiliated with colleges and universities. Other contacts worked at industrial laboratories like
25:
129:
605:
544:. According to the FBI, the case was then the world's largest known computer hacking and securities fraud, with profits exceeding $ 100 million in trades that were made public by the SEC, but believed to be vastly higher than that by the authorities. Fewer than half of over 100 suspects involved had been arrested as of 2018.
521:
841 million. The transaction, which required approval by the shareholders of UBM plc as well as regulatory approvals, was expected to close late in the first quarter of 2016. As of June 2016 (closing date of the deal) it became a subsidiary of Cision. As of 2013, the PR newswire database included
308:
announced it would acquire the company. On
January 1, 2021, Cision formally merged PR Newswire into the company, ending its status as a legal entity after 66 years. Cision plans to continue utilizing the brand name for the foreseeable future in the United States, as well as in Europe and the
373:
By 1978, PR Newswire distributed content to approximately 250 news points and financial institutions in 75 cities using 12,000 miles of private transmission lines. In addition to its New York headquarters, the service also sent content from offices in
558:
is an online community of communications professionals made to provide reporters access to expert sources and a subsidiary of PR Newswire. ProfNet was founded in 1992 by Dan
Forbush, then an administrator at
436:
At the time of the company's full absorption by Cision in 2021, the number of offices had been reduced to two: Cleveland, OH and
Albuquerque, NM. Both offices remain open under Cision as of 2022.
547:
In 2021, there were unconfirmed reports that parent company Cision was looking to spin off PR Newswire driven by Cision-majority owner
Platinum Equity. This ultimately did not come to pass.
363:, with Muschel and Steinberg continuing to manage the company after the acquisition. Steinberg served as vice president and chief of operations, and became president of the company in 1976.
944:
540:
In the 2010s, PR Newswire and its competitor
Business Wire were the target of extensive successful attacks by Ukrainian hackers, who accessed not yet published press releases to enable
1297:
1203:
453:
Steinberg retired in 1992, but continued as vice chairman until 2002. During his tenure, the service became a state-of-the-art communications network with 700 employees.
1434:
1062:
1429:
1414:
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572:
46:
39:
1439:
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916:
446:. Program changes, production schedules, and news from entertainment sources were transmitted over a satellite distribution network and an FM
1419:
671:
349:
729:
442:
and
Indesys partnered with PR Newswire in 1989 to provide news feeds to television and entertainment editors and writers in the U.S. and
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971:
352:. Muschel had been impressed by Steinberg's use of the service to report financial news during the strike without using reporters.
1122:
1454:
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476:
for mentions of a specific organization, issue, product or service. In 2001, PR Newswire issued a multimedia news release for
397:
of London for $ 9.5 million. PR Newswire acquired
Mediawire in 1983, expanding the company's reach into over 125 newsrooms in
1357:
1330:
1069:
89:
280:. The service was created in 1954 to allow companies to electronically send press releases to news organizations, using
61:
989:
108:
702:
68:
513:, at 350 Hudson Street. In mid-2009, PR Newswire acquired The Fuel Team. The largest competitor to PR Newswire is
1404:
618:
439:
75:
517:, as of 2014. On December 15, 2015, PR Newswire was sold to global media intelligence company, Cision, for
341:
57:
317:
PR Newswire was founded in March 1954 by
Herbert Muschel, who ran the business from his town house in
870:
1349:
A Field Guide for
Science Writers: The Official Guide of the National Association of Science Writers
945:"David Steinberg, former chief executive of PR Newswire and chairman of Canada Newswire, dies at 85"
894:
345:
35:
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814:
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790:
770:
596:
518:
430:
334:
417:. The company acquired Intermedia Group in 1985, incorporating its regional news wires in
8:
495:
482:
477:
82:
975:
794:. Vol. 86, no. 254 (Sunday ed.). March 8, 1970. p. 14-2 – via
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In 2000 the company acquired eWatch, founded in 1995 as an automated service to monitor
333:
to distribute content to a dozen news organizations in New York. Its first customer was
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1034:"PR Newswire Acquires Leading Online News Room Hosting Company, The Fuel Team"
889:
874:. Vol. 309, no. 22 (Sports Final ed.). p. 9-C – via
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for their institutions, rather than subject-matter experts themselves.
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1099:"How a hacker network turned stolen press releases into $ 100 million"
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846:. Vol. 113, no. 179. June 9, 1976. p. 44 – via
24:
898:(Sports Final ed.). November 5, 1985. p. 2-C – via
422:
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402:
1154:"ProfNet : A Computer-Assisted Reporting Bridge to Academia"
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for approximately 15 years. The business was eventually sold to
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1123:"Cision may be looking to spin off PR Newswire, report says"
672:"Herbert Muschel, 85, Founder Of Service for Corporate News"
498:. On April 17, 2007, PR Newswire acquired Vintage Filings.
426:
366:
In 1977, PR Newswire began using electronic terminals for
321:
for the first 15 years of its operation. The company used
348:
to take a management position with the company after the
1298:"ProfNet gets your questions out of the world's experts"
818:. Vol. 105, no. 235 (9 Star Final ed.).
990:"United Business Media acquires Vintage Filings, LLC"
586:
938:
936:
573:
1435:Business services companies disestablished in 2021
759:
757:
755:
753:
751:
786:"Western Union To Buy 81 Per Cent Of PR Newswire"
1396:
1152:Parsons, Paul; Johnson, Raymond B. (June 1996).
933:
866:"National service to acquire Phila.'s Mediawire"
16:American distributor of press releases (company)
1430:Business services companies established in 1954
972:"Touchstone Pictures' "Pearl Harbor" Premieres"
911:
909:
859:
857:
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774:. Vol. 115, no. 171. pp. F1–F2.
703:"PR Newswire Sold to Cision for $ 841 Million"
906:
854:
1415:Mass media companies disestablished in 2021
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802:
1425:2021 disestablishments in New York (state)
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1201:
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1063:"UBM plc Annual Report and Accounts 2013"
1012:"Worldwide Offices – Global Headquarters"
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822:. March 13, 1970. p. 60 – via
665:
663:
661:
659:
640:
638:
563:. The original pilot program operated on
468:groups, web publications, online service
288:, operated the service from his house in
109:Learn how and when to remove this message
1440:News agencies based in the United States
1410:Mass media companies established in 1954
1352:. Oxford University Press. p. 258.
1318:
1204:"An online source of journalism sources"
763:
722:
501:In December 2008, PR Newswire moved its
350:1962–1963 New York City newspaper strike
1052:
810:"WU Acquires 81 Percent of PR Newswire"
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669:
359:in 1970 for over 60 thousand shares of
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925:. Vol. CXXXVIII, no. 47908.
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635:
45:Please improve this article by adding
1346:Blum, Deborah; Knudson, Mary (1998).
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1145:
1143:
1092:
1090:
943:Steinberg, Michael (March 17, 2017).
863:
764:Thompson, Geoffrey (April 30, 1978).
1420:1954 establishments in New York City
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18:
1192:
890:"PR Newswire buys Intermedia Group"
390:at a rate of 150 words per minute.
355:Muschel sold 81% of the company to
13:
1140:
1087:
670:Abelson, Reed (November 5, 2003).
14:
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1369:
393:In 1982, the company was sold to
766:"Producing packaged information"
701:Bray, Chad (December 15, 2015).
603:
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23:
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1265:
1218:
1202:Kohlenberg, Leah (1996-12-01).
1115:
1026:
982:
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882:
864:Rouse, Ewart (July 22, 1983).
830:
778:
619:List of press release agencies
494:, high resolution images, and
1:
1455:2016 mergers and acquisitions
1450:1982 mergers and acquisitions
1445:1971 mergers and acquisitions
1274:"Man on the (Digital) Street"
1243:10.1080/00091383.1996.9937756
1097:Koshiw, Isobel (2018-08-22).
1014:. PR Newswire Association LLC
929:. June 21, 1989. p. D19.
732:. PR Newswire. Archived from
629:
47:secondary or tertiary sources
917:"Wire Service Joint Venture"
505:corporate headquarters from
7:
1322:Computer-assisted Reporting
582:
340:In 1963, Muschel recruited
10:
1471:
1325:. Routledge. p. 127.
1278:Columbia Journalism Review
1208:American Journalism Review
1170:10.1177/073953299601700303
1158:Newspaper Research Journal
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871:The Philadelphia Inquirer
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1319:Garrison, Bruce (1998).
895:The Atlanta Constitution
1225:Orlans, Harold (1996).
571:and societies like the
346:New York Herald Tribune
284:at first. The founder,
199:300 S Riverside Plaza,
1405:Press release agencies
1272:Paskin, Janet (2009).
815:San Francisco Examiner
309:Asia-Pacific regions.
161:; 70 years ago
34:relies excessively on
1308:(3): 2–3. 1995-05-01.
575:. Many contacts were
216:Newswire distribution
843:The Herald Statesman
791:The Pittsburgh Press
771:The Herald Statesman
597:New York City portal
335:Trans World Airlines
304:. In December 2015,
272:is a distributor of
978:on August 23, 2002.
730:"About PR Newswire"
646:"About PR Newswire"
480:promoting the film
478:Touchstone Pictures
159:August 3, 1954
123:
922:The New York Times
820:Dow Jones Newswire
708:The New York Times
677:The New York Times
323:telecommunications
121:
1359:978-0-19-512494-1
1332:978-1-000-10591-9
507:Midtown Manhattan
486:, which included
395:United Newspapers
298:United Newspapers
276:headquartered in
267:
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236:United Newspapers
202:Chicago, Illinois
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1378:Official website
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1068:. Archived from
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992:. April 18, 2007
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927:Associated Press
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561:SUNY Stony Brook
537:in its network.
529:and had 800,000
419:Washington, D.C.
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1129:. 19 March 2021
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1040:. July 31, 2009
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736:on 25 June 2012
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542:insider trading
511:Lower Manhattan
342:David Steinberg
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286:Herbert Muschel
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178:Herbert Muschel
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60: –
59:
58:"PR Newswire"
55:
54:Find sources:
48:
42:
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37:
32:This article
30:
26:
21:
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1321:
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1292:
1281:. Retrieved
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1234:
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1214:(10): 14–16.
1211:
1207:
1161:
1157:
1131:. Retrieved
1127:SeekingAlpha
1126:
1117:
1106:. Retrieved
1102:
1077:. Retrieved
1070:the original
1042:. Retrieved
1037:
1028:
1016:. Retrieved
1006:
994:. Retrieved
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976:the original
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954:. Retrieved
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769:
738:. Retrieved
734:the original
724:
712:. Retrieved
706:
681:. Retrieved
675:
649:
577:spokespeople
555:
554:
546:
539:
500:
496:film trailer
483:Pearl Harbor
481:
455:
452:
438:
435:
399:Pennsylvania
392:
372:
368:copy editing
365:
361:letter stock
354:
339:
327:teleprinters
316:
282:teleprinters
269:
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196:Headquarters
187:Absorbed by
136:Company type
105:
99:October 2017
96:
86:
79:
72:
65:
53:
33:
1227:"Potpourri"
1038:PR Newswire
956:October 12,
838:"Steinberg"
740:27 November
714:October 27,
683:January 30,
535:influencers
531:journalists
384:Los Angeles
306:Cision Inc.
270:PR Newswire
259:.prnewswire
238:(1982–2015)
232:(1971–1982)
122:PR Newswire
1399:Categories
1283:2021-09-05
1237:(4): 6–9.
1133:2021-04-07
1108:2019-12-23
630:References
565:CompuServe
524:syndicated
492:soundbites
462:chat rooms
448:subcarrier
407:New Jersey
325:lines and
166:1954-08-03
140:Subsidiary
69:newspapers
36:references
1251:0009-1383
1186:116212827
1178:0739-5329
1103:The Verge
996:April 26,
569:Bell Labs
329:owned by
296:and then
290:Manhattan
1259:40165395
1044:April 3,
1018:July 20,
583:See also
527:websites
458:websites
423:Michigan
411:Maryland
403:Delaware
213:Services
146:Industry
1390:ProfNet
1302:Link-Up
650:Variety
556:ProfNet
551:ProfNet
522:10,700
431:Georgia
344:of the
313:History
278:Chicago
252:Website
174:Founder
164: (
156:Founded
83:scholar
1356:
1329:
1257:
1249:
1231:Change
1184:
1176:
1079:28 May
950:Cision
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