Business Wire
| Business Wire | |
| |
| Founded | 1961 |
|---|---|
| Key People | Lorry Lokey, Founder |
| Website | www.businesswire.com |
Business Wire is a wholly owned subsidiary of Berkshire Hathawayand is a global market leader in commercial news distribution. The company transmits full-text news releases, regulatory filings, photos and other multimedia content to journalists, financial professionals, investor services, regulatory authorities and the general public worldwide.[1]
History[edit]
Business Wire opened its door for business on Oct. 2, 1961. It began as a privately held San Francisco news service owned predominantly by founder Lorry Lokey and his daughters.[2]
On March 1, 2006 Business Wire officially became a wholly owned subsidiary of Berkshire Hathaway, a NYSE-listed company (Fortune 12) that is controlled by Warren Buffett. Day-to-day operations were unchanged by the acquisition. The transaction occurred for an undisclosed amount.[3]
Products and Services[edit]
Key People[edit]
- Chairman and Chief Executive Officer, Business Wire, Cathy Baron Tamraz
- President, Gregg Castano
References[edit]
- ↑ About Us. Business Wire.
- ↑ Buffett Seals The Deal. SF Gate.
- ↑ Now hear this: Buffett buys Business Wire. USA Today.