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O'Dwyer's Inside News of Public Relations & Marketing Communications - Food & Beverage Public Relations: Mar. '15
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Cision State of Media 2015
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Category: PR ServicesReturn to Latest News
Mon., Jun. 2, 2014
Cision CEO Exits Amid Takeover
By Greg Hazley
Cision CEO Peter Granat has resigned after a Chicago investment firm gained control of the PR software company in May. He takes the reins of the combined Vocus-Cision.
Category: PR Services
Tue., May 20, 2014
Vocus Owner Takes Control of Cision Board
By Greg Hazley

Cision, the target of a takeover bid from Chicago-based GTCR Investment, said two executives of GTCR were elected to a new board of directors, including the chairman slot, in a special meeting May 20 in Stockholm.

Category: PR Services
Tue., May 13, 2014
PR Newswire Profit Slips in Q1
By Greg Hazley
pr newswireUBM reported first quarter revenue at PR Newswire ticked up 2.6% on an underlying basis to about $77.5M as US dissemination and public-filing business offset flat revenues elsewhere at the unit.
Category: PR Services
Thu., May 1, 2014
PR Newswire Adds Curbs to High Speed Trading
By Greg Hazley
chackoPR Newswire said it will make users of its direct data feed certify that they will not engage in high-speed trading and will advise users to delay news slated for the market close to wait until after 4 p.m.
Category: PR Services
Wed., Apr. 30, 2014
Cision Q1 Revenue Flat Amid Takeover Battle
By Greg Hazley
granatAmid a takeover battle, Cision on April 29 reported first quarter revenue was flat at 206M krona ($31.6M) while net profit jumped 84% over a year earlier to around $1.7M.
Category: PR Services
Mon., Apr. 7, 2014
GTCR Takes Vocus Private
By Kevin McCauley
vocusGTCR LLC, the Chicago-based private equity firm that made a run at Cision, is taking Vocus private in a cash transaction pegged at $447M.
Category: PR Services
Fri., Apr. 4, 2014
Meltwater Goes Public with $138M Cision Bid
By Greg Hazley
cisionPR software provider Meltwater, which said last month that its stake in Cision had surpassed 10%, has bid $138M in cash for the company, topping an offer by investing firm Blue Canyon Holdings.
Category: PR Services
Mon., Mar. 24, 2014
Investment Firm Ups Offer for Cision Amid Meltwater Interest
By Greg Hazley
Blue Canyon Holdings, the takeover unit of GTCR Investment X AIV that made a bid for Cision in February, upped its offer six percent to 55.10 Krona, or about $8.56 per share, as another bidder entered the fray.
Category: PR Services
Thu., Mar. 20, 2014
Marketwired Cuts Feeds for High-Speed Traders
By John O'Dwyer
Marketwired said it will stop selling direct feeds to high-speed traders, following rival Business Wire in the wake of a February Wall Street Journal report showing how the traders gain an advantage through newswire data.
Category: PR Services
Fri., Mar. 7, 2014
Cision Postpones Annual Meeting Amid Takeover Offer
By Greg Hazley
PR software provider Cision has postponed its annual meeting originally slated for April 9 as a takeover offer from a Chicago investment firm runs through March 27.
Category: PR Services
Fri., Feb. 28, 2014
PR Newswire 2013 Revenue Tops $300M
By Greg Hazley
pr newswireUBM reported today PR Newswire's 2013 revenue climbed 1.9% to £201.8M, or about $316.2M by the average 2013 exchange rate.
Category: PR Services
Fri., Feb. 21, 2014
Business Wire Pulls Plug on High-Speed Traders
By Greg Hazley
Business Wire, responding to a Feb. 7 Wall Street Journal report about high-frequency traders exploiting its news feed, said it will stop licensing direct feeds to those trading firms.
Category: PR Services
Fri., Feb. 14, 2014
Chicago Investment Firm Makes Move On Cision
By Kevin McCauley
GTCR Investment is bidding for Cision, offering a cash premium of more than 50 percent for the Swedish provider of PR software and services. Fourth quarter revenue declined 11.3%.
Category: PR Services
Mon., Feb. 10, 2014
Vocus Loss Widens on Slight Q4 Revenue Gain
By Greg Hazley
Vocus reported a slight one percent increase in fourth quarter 2013 revenue to $47.5M as net loss widened to $3.8M, up from $3.2M for the same period of 2012.
Category: PR Services
Fri., Feb. 7, 2014
WSJ: Speed Traders Use Newswires to Get Edge
By Greg Hazley
So-called high-frequency traders are taking advantage of direct news feeds from Business Wire and Marketwired to gain an advantage on "less fleet-footed investors," according to a Wall Street Journal report.
Category: PR Services
Fri., Nov. 22, 2013
Attacking Poverty Is Good Business, James Tells IPR
By Jack O'Dwyer
iprThe Bill and Melinda Gates Foundation gives away $4 billion a year to battle disease and poverty worldwide “but it’s a drop in the ocean in terms of what needs to be invested to solve these big, complex problems,” Gates Foundation communications head Kate James told the Institute for PR last night at the Yale Club, New York.
Category: PR Services
Fri., Nov. 1, 2013
Gorkana Media Data Firm of UK Invades US
By Jack O'Dwyer
The Gorkana Group, part of the same company that owns Durrants, U.K., press clipping service, was a major player at the 2013 conference of PR Society of America in Philadelphia Oct. 26-29.
Category: PR Services
Fri., Oct. 25, 2013
Clip Service Lets Users Embed Ad-Free News Video on Own Sites
By Greg Hazley
clip premiumVideo monitoring company Critical Mention today unveiled a service to let clients embed news coverage directly on their own websites and mobile channels through a venture with sister company Clip Syndicate.
Category: PR Services
Wed., Oct. 23, 2013
Cision Endures 'Difficult' Q3
By Greg Hazley
PR software provider Cision reported third quarter revenue fell 12% to around $31.8M as net loss surged to $49.6M on a large write-down of goodwill in North America.
Category: PR Services
Thu., Oct. 17, 2013
Hackers Crack PR Newswire Database
By Greg Hazley
pr newswireHackers broke into a PR Newswire database containing thousands of overseas customer records earlier this year, the company acknowledged this week.
Category: PR Services
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