not adequately summarize key points of its contents . please consider expanding the lead to provide an accessible overview of all important aspects of the article . please discuss this issue on the article s talk page . january 2016 pr newswire type subsidiary of cision inc. industry publications ; communications founded 1954 headquarters 350 hudson street suite 300 new york ny 10014 4504 1 u.s. products newswire service website www.prnewswire.com pr newswire is a news agency based in new york city . contents 1 history 2 see also 3 references 4 external links history edit pr newswire was founded in 1954 . 2 in 1971 it was sold to western union 3 which had provided the telecommunications lines and teleprinters that supported the service . in 1972 pr newswire began using electronic terminals for copyediting . in 1978 the company adopted the associated press computerized message handling and transmission system . citation needed in 1982 pr newswire was purchased by current owner ubm plc known at the time as united newspapers . 4 in 2000 the company acquired ewatch founded in 1995 as an automated service to monitor websites chat rooms usenet groups web publications online service forums and investor message boards for mentions of a specific organization issue product or service . in 2001 pr newswire issued the first multimedia news release for touchstone pictures promoting the film pearl harbor . the multimedia news release was the first press release to include b roll soundbites high resolution images and film trailer . 5 in december 2008 pr newswire moved its new york city corporate headquarters from midtown manhattan to lower manhattan at 350 hudson street . 1 in mid 2009 pr newswire acquired the fuel team . 6 the largest competitor to pr newswire is business wire . 7 on december 15 2015 pr newswire was sold to global media intelligence company cision for 841 million dollars usd . the transaction which requires approval by the shareholders of ubm plc as well as regulatory approvals is 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 . 8 the pr newswire database includes 10 700 syndicated websites and has 800 000 journalists and influencers in its network . 7 see also edit new york city portal companies portal public relations references edit a b worldwide offices new york headquarters . pr newswire association llc . retrieved july 20 2014 . about pr newswire . pr newswire . retrieved 27 november 2014 . abelson reed november 5 2003 . herbert muschel 85 founder of service for corporate news . new york times . retrieved january 30 2013 . ubm . media briefing . retrieved january 30 2013 . touchstone pictures pearl harbor premieres . archived from the original on august 23 2002 . pr newswire acquires leading online news room hosting company the fuel team . pr newswire . july 31 2009 . retrieved april 3 2014 . a b ubm plc annual report and accounts 2013 pdf . archived from the original pdf on june 25 2014 . retrieved 28 may 2014 . todd spangler june 17 2016 . pr newswire ceo bob gray to exit as cision completes 841 million acquisition . variety . retrieved august 17 2016 . external links edit official website retrieved from https en.wikipedia.org w index.php title pr newswire & oldid 742218495 categories ubm plc brandspress release agenciescompanies established in 19541954 establishments in the united stateshidden categories wikipedia introduction cleanup from january 2016all pages needing cleanuparticles covered by wikiproject wikify from january 2016all articles covered by wikiproject wikifyall articles with unsourced statementsarticles with unsourced statements from october 2013 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran aisnorsk bokm l edit links this page was last modified on 2 october 2016 at 11 13 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view