Hints and tips:
...In a sense, the model isn’t completely dissimilar to legitimate services like PR NewsWire — or, less flatteringly, the many social media feeds dominated by inane grifters....
...(Rolling Stone) —An AI image generator class action (PR Newswire) — An expensive lesson in why 1.01 isn’t 1 (Twitter) — The underground cooks of Singapore’s prisons (Atlas Obscura) — I live in the city...
...PR Newswire issued an advisory saying the press release “is incorrect and was not authorised by the company.”...
...Separately in May Innodata, a US consultancy, agreed in May this year to acquire PR Newswire’s Agility business....
...In December it announced an agreement to buy PR Newswire, part of UBM, the global business-to-business events organiser headquartered in London....
...UBM made two key strategic moves in the past 18 months; first disposing of press release distribution service PR newswire to Cision for $841m and then, in December 2016, buying Asian events and exhibitions...
...Last December, the company sold its press release distribution unit PR Newswire for $841m, in what was seen as a significant shift in its focus to be an events and exhibitions business....
...Newswire, we are advised by the Company that under the “Next Four Quarters (Second Quarter 2016 – First Quarter 2017) Guidance” section, the third bullet should read “Adjusted EBITDA (non-GAAP) expected...
...Last year federal prosecutors charged nine people in the US and Ukraine with trading ahead of earnings press releases that had been provided to Marketwired, PR Newswire and Business Wire....
...Exhibitions and publishing group UBM has received US regulatory approval to sell its PR Newswire business....
...Dave Haapaoja, a PR Newswire executive, said the issue was caused by a “coding error” on its end, and that it is “implementing the steps to make sure that this error does not recur.”...
...Events organiser UBM is selling press release distributor PR Newswire for $841m as it looks to focus more purely on the events market....
...Exhibitions organiser UBM was up 3.6 per cent to 571p after completing the sale of its PR Newswire unit for £490m cash, of which half will be returned via a 55.3p special dividend....
...FastFT reports events organiser UBM is selling press release distributor PR Newswire for $841m as it looks to focus more on the events market. The buyer is PR software group Cision....
...UBM has sold its press release distribution unit PR Newswire for $841m, as the UK group seeks to focus on its core business of organising events and exhibitions....
...FT FYI Aveva and Schneider Electric abandon £1.3bn deal talks Imagination shares fall sharply on profit warning UBM flogs PR Newswire for $841m CityFibre to challenge BT after network purchase Samsung...
...In one example, Caterpillar was set to announce its third-quarter earnings on October 24 2011 and sent its release to PR Newswire three days before that date....
...But then again, there are any number of places to natter with my acquaintances online, while Twitter is the only place I can see a newswire customised to my individual preferences....
...Even official channels demand greater scepticism: PR Newswire was breached in 2010 and Edgar, the US Securities and Exchange Commission’s own database, has this year been host to fakes including a spoof...
...One question hanging over the company is whether or not it will sell PR Newswire, the only remaining part of the group that is not related to organising events....
...Its chairman and chief executive were both absent for medical reasons early in the period while its CFO (who had covered for the chief executive) has been now moved on to run its PR Newswire business....
...PR Newswire, which has an operating profit of about £45m, has been valued by analysts in a range from £350m to £600m....
...UBM, a FTSE 250 company with a market capitalisation of £2bn, also owns a number of digital and print publications and PR Newswire, a service for distributing corporate announcements....
...Investors had speculated that UBM would fund the deal by selling PR Newswire....
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