Who founded Business Wire and when was it started?
Business Wire was founded in 1961 by Lorry I. Lokey. It began by sending press releases to 16 media outlets in California.
Questions about Business Wire
Short answers, pulled from the story.
Who owns Business Wire?
Business Wire is a wholly owned subsidiary of Berkshire Hathaway. Berkshire Hathaway announced the acquisition on the 17th of January 2006, and completed it on the 1st of March 2006.
What did Business Wire do in response to the SEC fair disclosure regulation?
In 2000, Business Wire ended the practice of distributing news to financial outlets 15 minutes before anyone else, ahead of its main competitor PR Newswire. The change aligned with the SEC's Regulation FD, which required simultaneous public disclosure of material company information.
When did Business Wire launch its website?
Business Wire launched its website in May 1995.
What European countries did Business Wire establish regulatory disclosure networks in?
On the 15th of September 2005, Business Wire established regulatory disclosure networks in France, Sweden, Switzerland, and Luxembourg. It had also entered the German market on the 1st of June 2005 with a disclosure network for companies listed on the Deutsche Boerse.
Who replaced Cathy Baron Tamraz as CEO of Business Wire?
Geff Scott, who had served as the company's longtime CFO, replaced Cathy Baron Tamraz as chief executive officer and president in April 2017 when she retired.