What is the name of Berkshire Hathaway's press release distribution service?

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Berkshire Hathaway's press release distribution service is Business Wire.

Business Wire is a news-distribution company that sends companies' press releases, regulatory disclosures, multimedia, and other corporate information to media organizations, financial markets, databases, investors, and online audiences. It serves as a communications pipeline rather than a traditional newspaper or wire-service newsroom.

Leland A. “Lee” P. (often identified as Leland A. “Lee” J.?)—the company's founder was Lorry I. Lokey, who established Business Wire in San Francisco in 1961. The business expanded as companies increasingly needed reliable electronic distribution for earnings announcements and investor communications.

Berkshire Hathaway announced its purchase of Business Wire in January 2006. Marketwired, GlobeNewswire, and PR Newswire are competing distribution services, which makes them reasonable wrong options. Business Wire is the Berkshire-owned name, and it remains distinct from Berkshire's investment holdings in publicly traded media or communications companies.

Source: Wikipedia · fact-checked Sept. 2026

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