|Key People||Lorry Lokey, Founder|
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.
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.
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.
Products and Services
- Chairman and Chief Executive Officer, Business Wire, Cathy Baron Tamraz
- President, Gregg Castano
- ↑ About Us. Business Wire.
- ↑ Buffett Seals The Deal. SF Gate.
- ↑ Now hear this: Buffett buys Business Wire. USA Today.