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<span>ProfNet</span> </div> </a> <ul id="toc-ProfNet-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-See_also" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#See_also"> <div class="vector-toc-text"> <span class="vector-toc-numb">3</span> <span>See also</span> </div> </a> <ul id="toc-See_also-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-External_links" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#External_links"> <div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>External links</span> </div> </a> <ul id="toc-External_links-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-titlebar-toc" class="vector-dropdown-checkbox " aria-label="Toggle the table of contents" > <label id="vector-page-titlebar-toc-label" for="vector-page-titlebar-toc-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon mw-ui-icon-listBullet mw-ui-icon-wikimedia-listBullet"></span> <span class="vector-dropdown-label-text">Toggle the table of contents</span> </label> <div class="vector-dropdown-content"> <div id="vector-page-titlebar-toc-unpinned-container" class="vector-unpinned-container"> </div> </div> </div> </nav> <h1 id="firstHeading" class="firstHeading mw-first-heading"><span class="mw-page-title-main">PR Newswire</span></h1> <div id="p-lang-btn" class="vector-dropdown mw-portlet mw-portlet-lang" > <input type="checkbox" id="p-lang-btn-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-p-lang-btn" class="vector-dropdown-checkbox mw-interlanguage-selector" aria-label="Go to an article in another language. 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href="https://fa.wikipedia.org/wiki/%D9%BE%DB%8C%E2%80%8C%D8%A2%D8%B1_%D9%86%DB%8C%D9%88%D8%B2%D9%88%D8%A7%DB%8C%D8%B1" title="پی‌آر نیوزوایر – Persian" lang="fa" hreflang="fa" data-title="پی‌آر نیوزوایر" data-language-autonym="فارسی" data-language-local-name="Persian" class="interlanguage-link-target"><span>فارسی</span></a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/PR_Newswire" title="PR Newswire – French" lang="fr" hreflang="fr" data-title="PR Newswire" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target"><span>Français</span></a></li><li class="interlanguage-link interwiki-it mw-list-item"><a href="https://it.wikipedia.org/wiki/PR_Newswire" title="PR Newswire – Italian" lang="it" hreflang="it" data-title="PR Newswire" data-language-autonym="Italiano" data-language-local-name="Italian" class="interlanguage-link-target"><span>Italiano</span></a></li><li class="interlanguage-link interwiki-ja mw-list-item"><a href="https://ja.wikipedia.org/wiki/PR_Newswire" title="PR Newswire – Japanese" lang="ja" hreflang="ja" data-title="PR Newswire" data-language-autonym="日本語" data-language-local-name="Japanese" class="interlanguage-link-target"><span>日本語</span></a></li><li class="interlanguage-link interwiki-no mw-list-item"><a href="https://no.wikipedia.org/wiki/PR_Newswire" title="PR Newswire – Norwegian Bokmål" lang="nb" hreflang="nb" data-title="PR Newswire" data-language-autonym="Norsk bokmål" data-language-local-name="Norwegian Bokmål" class="interlanguage-link-target"><span>Norsk bokmål</span></a></li><li class="interlanguage-link interwiki-tr mw-list-item"><a href="https://tr.wikipedia.org/wiki/PR_Newswire" title="PR Newswire – Turkish" lang="tr" hreflang="tr" data-title="PR Newswire" data-language-autonym="Türkçe" data-language-local-name="Turkish" class="interlanguage-link-target"><span>Türkçe</span></a></li><li class="interlanguage-link interwiki-zh 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class="vector-appearance vector-pinnable-element"> <div class="vector-pinnable-header vector-appearance-pinnable-header vector-pinnable-header-pinned" data-feature-name="appearance-pinned" data-pinnable-element-id="vector-appearance" data-pinned-container-id="vector-appearance-pinned-container" data-unpinned-container-id="vector-appearance-unpinned-container" > <div class="vector-pinnable-header-label">Appearance</div> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-pin-button" data-event-name="pinnable-header.vector-appearance.pin">move to sidebar</button> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-unpin-button" data-event-name="pinnable-header.vector-appearance.unpin">hide</button> </div> </div> </div> </nav> </div> </div> <div id="bodyContent" class="vector-body" aria-labelledby="firstHeading" data-mw-ve-target-container> <div class="vector-body-before-content"> <div class="mw-indicators"> </div> <div id="siteSub" class="noprint">From Wikipedia, the free encyclopedia</div> </div> <div id="contentSub"><div id="mw-content-subtitle"></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">American distributor of press releases (company)</div> <style data-mw-deduplicate="TemplateStyles:r1251242444">.mw-parser-output .ambox{border:1px solid #a2a9b1;border-left:10px solid #36c;background-color:#fbfbfb;box-sizing:border-box}.mw-parser-output .ambox+link+.ambox,.mw-parser-output .ambox+link+style+.ambox,.mw-parser-output .ambox+link+link+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+style+.ambox,.mw-parser-output .ambox+.mw-empty-elt+link+link+.ambox{margin-top:-1px}html body.mediawiki .mw-parser-output .ambox.mbox-small-left{margin:4px 1em 4px 0;overflow:hidden;width:238px;border-collapse:collapse;font-size:88%;line-height:1.25em}.mw-parser-output .ambox-speedy{border-left:10px solid #b32424;background-color:#fee7e6}.mw-parser-output .ambox-delete{border-left:10px solid #b32424}.mw-parser-output .ambox-content{border-left:10px solid #f28500}.mw-parser-output .ambox-style{border-left:10px solid #fc3}.mw-parser-output .ambox-move{border-left:10px solid #9932cc}.mw-parser-output .ambox-protection{border-left:10px solid #a2a9b1}.mw-parser-output .ambox .mbox-text{border:none;padding:0.25em 0.5em;width:100%}.mw-parser-output .ambox .mbox-image{border:none;padding:2px 0 2px 0.5em;text-align:center}.mw-parser-output .ambox .mbox-imageright{border:none;padding:2px 0.5em 2px 0;text-align:center}.mw-parser-output .ambox .mbox-empty-cell{border:none;padding:0;width:1px}.mw-parser-output .ambox .mbox-image-div{width:52px}@media(min-width:720px){.mw-parser-output .ambox{margin:0 10%}}@media print{body.ns-0 .mw-parser-output .ambox{display:none!important}}</style><table class="box-Primary_sources plainlinks metadata ambox ambox-content ambox-Primary_sources" role="presentation"><tbody><tr><td class="mbox-image"><div class="mbox-image-div"><span typeof="mw:File"><a href="/wiki/File:Question_book-new.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/50px-Question_book-new.svg.png" decoding="async" width="50" height="39" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/75px-Question_book-new.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/100px-Question_book-new.svg.png 2x" data-file-width="512" data-file-height="399" /></a></span></div></td><td class="mbox-text"><div class="mbox-text-span">This article <b>relies excessively on <a href="/wiki/Wikipedia:Verifiability" title="Wikipedia:Verifiability">references</a> to <a href="/wiki/Wikipedia:No_original_research#Primary,_secondary_and_tertiary_sources" title="Wikipedia:No original research">primary sources</a></b>.<span class="hide-when-compact"> Please improve this article by adding <a href="/wiki/Wikipedia:No_original_research#Primary,_secondary_and_tertiary_sources" title="Wikipedia:No original research">secondary or tertiary sources</a>. <br /><small><span class="plainlinks"><i>Find sources:</i> <a rel="nofollow" class="external text" href="https://www.google.com/search?as_eq=wikipedia&q=%22PR+Newswire%22">"PR Newswire"</a> – <a rel="nofollow" class="external text" href="https://www.google.com/search?tbm=nws&q=%22PR+Newswire%22+-wikipedia&tbs=ar:1">news</a> <b>·</b> <a rel="nofollow" class="external text" href="https://www.google.com/search?&q=%22PR+Newswire%22&tbs=bkt:s&tbm=bks">newspapers</a> <b>·</b> <a rel="nofollow" class="external text" href="https://www.google.com/search?tbs=bks:1&q=%22PR+Newswire%22+-wikipedia">books</a> <b>·</b> <a rel="nofollow" class="external text" href="https://scholar.google.com/scholar?q=%22PR+Newswire%22">scholar</a> <b>·</b> <a rel="nofollow" class="external text" href="https://www.jstor.org/action/doBasicSearch?Query=%22PR+Newswire%22&acc=on&wc=on">JSTOR</a></span></small></span> <span class="date-container"><i>(<span class="date">October 2017</span>)</i></span><span class="hide-when-compact"><i> (<small><a href="/wiki/Help:Maintenance_template_removal" title="Help:Maintenance template removal">Learn how and when to remove this message</a></small>)</i></span></div></td></tr></tbody></table> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org">PR Newswire</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:PRN_Logo_Blue.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/f/f2/PRN_Logo_Blue.png/220px-PRN_Logo_Blue.png" decoding="async" width="220" height="26" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/f2/PRN_Logo_Blue.png/330px-PRN_Logo_Blue.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/f2/PRN_Logo_Blue.png/440px-PRN_Logo_Blue.png 2x" data-file-width="1059" data-file-height="126" /></a></span></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Subsidiary" title="Subsidiary">Subsidiary</a></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Press_release" title="Press release">Communications</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">August 3, 1954<span class="noprint">; 70 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">1954-08-03</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Founder</th><td class="infobox-data agent"><a href="/wiki/Herbert_Muschel" class="mw-redirect" title="Herbert Muschel">Herbert Muschel</a></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label">300 S Riverside Plaza, <div class="ib-company-locality locality"><a href="/wiki/Chicago,_Illinois" class="mw-redirect" title="Chicago, Illinois">Chicago, Illinois</a></div>, <div class="ib-company-country country-name">United States</div></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Area served</div></th><td class="infobox-data">Worldwide</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent">Cali Tran (CEO) Matt Brown (President)</td></tr><tr><th scope="row" class="infobox-label">Services</th><td class="infobox-data category">Newswire distribution</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Parent_company" class="mw-redirect" title="Parent company">Parent</a></th><td class="infobox-data"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"><ul><li><a href="/wiki/Western_Union" title="Western Union">Western Union</a> (1971–1982)</li><li><a href="/wiki/United_Newspapers" class="mw-redirect" title="United Newspapers">United Newspapers</a> (1982–2015)</li><li><a href="/wiki/Cision" title="Cision">Cision</a> (2016–present)</li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="https://www.prnewswire.com/">www<wbr />.prnewswire<wbr />.com</a></span></td></tr></tbody></table> <p><b>PR Newswire</b> is a distributor of <a href="/wiki/Press_release" title="Press release">press releases</a> headquartered in <a href="/wiki/Chicago" title="Chicago">Chicago</a>.<sup id="cite_ref-Variety_1-0" class="reference"><a href="#cite_note-Variety-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> The service was created in 1954 to allow companies to electronically send press releases to news organizations, using <a href="/wiki/Teleprinter" title="Teleprinter">teleprinters</a> at first. The founder, <a href="/wiki/Herb_Muschel" title="Herb Muschel">Herbert Muschel</a>, operated the service from his house in <a href="/wiki/Manhattan" title="Manhattan">Manhattan</a> for approximately 15 years. The business was eventually sold to <a href="/wiki/Western_Union" title="Western Union">Western Union</a> and then <a href="/wiki/UBM_plc" title="UBM plc">United Newspapers</a> of <a href="/wiki/London" title="London">London</a>.<sup id="cite_ref-Abelson_2-0" class="reference"><a href="#cite_note-Abelson-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> In December 2015, <a href="/wiki/Cision" title="Cision">Cision Inc.</a> announced it would acquire the company.<sup id="cite_ref-NYT_2017_3-0" class="reference"><a href="#cite_note-NYT_2017-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> On January 1, 2021, Cision formally merged PR Newswire into the company. </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=PR_Newswire&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>PR Newswire was founded in March 1954 by Herbert Muschel, who ran the business from his town house in <a href="/wiki/New_York_City" title="New York City">New York City</a> for the first 15 years of its operation.<sup id="cite_ref-HistoryPR_4-0" class="reference"><a href="#cite_note-HistoryPR-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-Abelson_2-1" class="reference"><a href="#cite_note-Abelson-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> The company used <a href="/wiki/Telecommunication" class="mw-redirect" title="Telecommunication">telecommunications</a> lines and <a href="/wiki/Teleprinter" title="Teleprinter">teleprinters</a> owned by <a href="/wiki/Western_Union" title="Western Union">Western Union</a> to distribute content to a dozen news organizations in New York.<sup id="cite_ref-Abelson_2-2" class="reference"><a href="#cite_note-Abelson-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> Its first customer was <a href="/wiki/Trans_World_Airlines" title="Trans World Airlines">Trans World Airlines</a>.<sup id="cite_ref-Abelson_2-3" class="reference"><a href="#cite_note-Abelson-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> </p><p>In 1963, Muschel recruited <a href="/wiki/David_Steinberg_(journalist)" title="David Steinberg (journalist)">David Steinberg</a> of the <a href="/wiki/New_York_Herald_Tribune" title="New York Herald Tribune">New York Herald Tribune</a> to take a management position with the company after the <a href="/wiki/1962%E2%80%931963_New_York_City_newspaper_strike" title="1962–1963 New York City newspaper strike">1962–1963 New York City newspaper strike</a>.<sup id="cite_ref-Thompson19780430_5-0" class="reference"><a href="#cite_note-Thompson19780430-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> Muschel had been impressed by Steinberg's use of the service to report financial news during the strike without using reporters.<sup id="cite_ref-Thompson19780430_5-1" class="reference"><a href="#cite_note-Thompson19780430-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>Muschel sold 81% of the company to <a href="/wiki/Western_Union" title="Western Union">Western Union</a> in 1970 for over 60 thousand shares of <a href="/wiki/Letter_stock" class="mw-redirect" title="Letter stock">letter stock</a>,<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> with Muschel and Steinberg continuing to manage the company after the acquisition.<sup id="cite_ref-SFE-19700313_7-0" class="reference"><a href="#cite_note-SFE-19700313-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> Steinberg served as vice president and chief of operations, and became president of the company in 1976.<sup id="cite_ref-Thompson19780430_5-2" class="reference"><a href="#cite_note-Thompson19780430-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> </p><p>In 1977, PR Newswire began using electronic terminals for <a href="/wiki/Copy_editing" title="Copy editing">copy editing</a>.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> </p><p>By 1978, PR Newswire distributed content to approximately 250 news points and financial institutions in 75 cities using 12,000 miles of private transmission lines.<sup id="cite_ref-Thompson19780430_5-3" class="reference"><a href="#cite_note-Thompson19780430-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> In addition to its New York headquarters, the service also sent content from offices in <a href="/wiki/Boston" title="Boston">Boston</a>, <a href="/wiki/Miami" title="Miami">Miami</a>, <a href="/wiki/Los_Angeles" title="Los Angeles">Los Angeles</a>, and <a href="/wiki/San_Francisco" title="San Francisco">San Francisco</a> at a rate of 150 words per minute.<sup id="cite_ref-Thompson19780430_5-4" class="reference"><a href="#cite_note-Thompson19780430-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>In 1982, the company was sold to <a href="/wiki/United_Newspapers" class="mw-redirect" title="United Newspapers">United Newspapers</a> of London for $9.5 million.<sup id="cite_ref-Rouse19830722_11-0" class="reference"><a href="#cite_note-Rouse19830722-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> PR Newswire acquired Mediawire in 1983, expanding the company's reach into over 125 newsrooms in <a href="/wiki/Pennsylvania" title="Pennsylvania">Pennsylvania</a>, <a href="/wiki/Delaware" title="Delaware">Delaware</a>, <a href="/wiki/New_Jersey" title="New Jersey">New Jersey</a>, <a href="/wiki/Maryland" title="Maryland">Maryland</a>, and <a href="/wiki/West_Virginia" title="West Virginia">West Virginia</a>.<sup id="cite_ref-Rouse19830722_11-1" class="reference"><a href="#cite_note-Rouse19830722-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> The company acquired Intermedia Group in 1985, incorporating its regional news wires in <a href="/wiki/Washington,_D.C." title="Washington, D.C.">Washington, D.C.</a>, <a href="/wiki/Michigan" title="Michigan">Michigan</a>, <a href="/wiki/Ohio" title="Ohio">Ohio</a>, and <a href="/wiki/Georgia_(U.S._state)" title="Georgia (U.S. state)">Georgia</a>.<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> </p><p><a href="/wiki/American_Broadcasting_Company" title="American Broadcasting Company">ABC-TV</a> and Indesys partnered with PR Newswire in 1989 to provide news feeds to television and entertainment editors and writers in the U.S. and <a href="/wiki/Canada" title="Canada">Canada</a>.<sup id="cite_ref-NYT-19890621_13-0" class="reference"><a href="#cite_note-NYT-19890621-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> Program changes, production schedules, and news from entertainment sources were transmitted over a satellite distribution network and an FM <a href="/wiki/Subcarrier" title="Subcarrier">subcarrier</a>.<sup id="cite_ref-NYT-19890621_13-1" class="reference"><a href="#cite_note-NYT-19890621-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> </p><p>Steinberg retired in 1992, but continued as vice chairman until 2002.<sup id="cite_ref-Steiberg20170317_14-0" class="reference"><a href="#cite_note-Steiberg20170317-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> During his tenure, the service became a state-of-the-art communications network with 700 employees.<sup id="cite_ref-Steiberg20170317_14-1" class="reference"><a href="#cite_note-Steiberg20170317-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> </p><p>In 2000 the company acquired eWatch, founded in 1995 as an automated service to monitor <a href="/wiki/Website" title="Website">websites</a>, <a href="/wiki/Chat_room" title="Chat room">chat rooms</a>, <a href="/wiki/Usenet" title="Usenet">Usenet</a> groups, web publications, online service <a href="/wiki/Internet_forum" title="Internet forum">forums</a> and investor <a href="/wiki/Internet_forum" title="Internet forum">message boards</a> for mentions of a specific organization, issue, product or service. In 2001, PR Newswire issued a multimedia news release for <a href="/wiki/Touchstone_Pictures" title="Touchstone Pictures">Touchstone Pictures</a> promoting the film <i><a href="/wiki/Pearl_Harbor_(film)" title="Pearl Harbor (film)">Pearl Harbor</a></i>, which included <a href="/wiki/B-roll" title="B-roll">b-roll</a>, <a href="/wiki/Sound_bite" title="Sound bite">soundbites</a>, high resolution images, and <a href="/wiki/Trailer_(promotion)" title="Trailer (promotion)">film trailer</a>.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> On April 17, 2007, PR Newswire acquired Vintage Filings.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup> </p><p>In December 2008, PR Newswire moved its <a href="/wiki/New_York_City" title="New York City">New York City</a> corporate headquarters from <a href="/wiki/Midtown_Manhattan" title="Midtown Manhattan">Midtown Manhattan</a> to <a href="/wiki/Lower_Manhattan" title="Lower Manhattan">Lower Manhattan</a>, at 350 Hudson Street.<sup id="cite_ref-DowntownHQ_17-0" class="reference"><a href="#cite_note-DowntownHQ-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> In mid-2009, PR Newswire acquired The Fuel Team.<sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup> The largest competitor to PR Newswire is <a href="/wiki/Business_Wire" title="Business Wire">Business Wire</a>, as of 2014<sup class="plainlinks noexcerpt noprint asof-tag update" style="display:none;"><a class="external text" href="https://en.wikipedia.org/w/index.php?title=PR_Newswire&action=edit">[update]</a></sup>.<sup id="cite_ref-201310k_19-0" class="reference"><a href="#cite_note-201310k-19"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup> On December 15, 2015, PR Newswire was sold to global media intelligence company, Cision, for <a href="/wiki/United_States_Dollar" class="mw-redirect" title="United States Dollar">$</a>841 million.<sup id="cite_ref-NYT_2017_3-1" class="reference"><a href="#cite_note-NYT_2017-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> The transaction, which required approval by the shareholders of UBM plc as well as regulatory approvals, was expected to close late in the first quarter of 2016. As of June 2016<sup class="plainlinks noexcerpt noprint asof-tag update" style="display:none;"><a class="external text" href="https://en.wikipedia.org/w/index.php?title=PR_Newswire&action=edit">[update]</a></sup> (closing date of the deal) it became a subsidiary of Cision.<sup id="cite_ref-Variety_1-1" class="reference"><a href="#cite_note-Variety-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> </p><p>In the 2010s, PR Newswire and its competitor Business Wire were the target of extensive successful attacks by Ukrainian hackers, who accessed not yet published press releases to enable <a href="/wiki/Insider_trading" title="Insider trading">insider trading</a>.<sup id="cite_ref-:1_20-0" class="reference"><a href="#cite_note-:1-20"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup> According to the FBI, the case was then the world's largest known computer hacking and securities fraud, with profits exceeding $100 million in trades that were made public by the SEC, but believed to be vastly higher than that by the authorities. Fewer than half of over 100 suspects involved had been arrested as of 2018.<sup id="cite_ref-:1_20-1" class="reference"><a href="#cite_note-:1-20"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="ProfNet">ProfNet</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=PR_Newswire&action=edit&section=2" title="Edit section: ProfNet"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><b>ProfNet</b> is an online community of communications professionals made to provide reporters access to expert sources and a subsidiary of PR Newswire. ProfNet was founded in 1992 by Dan Forbush, then an administrator at <a href="/wiki/SUNY_Stony_Brook" class="mw-redirect" title="SUNY Stony Brook">SUNY Stony Brook</a>.<sup id="cite_ref-:0_21-0" class="reference"><a href="#cite_note-:0-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup> The original pilot program operated on <a href="/wiki/CompuServe" title="CompuServe">CompuServe</a>.<sup id="cite_ref-:0_21-1" class="reference"><a href="#cite_note-:0-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup> After the university changed administrations in 1994, Forbush was unable to convince them to continue running the service.<sup id="cite_ref-:1a_22-0" class="reference"><a href="#cite_note-:1a-22"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup> Forbush privatized ProfNet in 1995 and sold it to PR Newswire in March 1996.<sup id="cite_ref-:0_21-2" class="reference"><a href="#cite_note-:0-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup> As a commercial service, ProfNet began charging institutions to participate.<sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">[</span>24<span class="cite-bracket">]</span></a></sup> By the end of the following year, the distribution list included 2,800 contacts, mostly affiliated with colleges and universities.<sup id="cite_ref-:1a_22-1" class="reference"><a href="#cite_note-:1a-22"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup> Other contacts worked at industrial laboratories like <a href="/wiki/Bell_Labs" title="Bell Labs">Bell Labs</a> and societies like the <a href="/wiki/American_Association_for_the_Advancement_of_Science" title="American Association for the Advancement of Science">American Association for the Advancement of Science</a>.<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup> Many contacts were <a href="/wiki/Spokesperson" title="Spokesperson">spokespeople</a> for their institutions, rather than subject-matter experts themselves.<sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">[</span>26<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=PR_Newswire&action=edit&section=3" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239009302">.mw-parser-output .portalbox{padding:0;margin:0.5em 0;display:table;box-sizing:border-box;max-width:175px;list-style:none}.mw-parser-output .portalborder{border:1px solid var(--border-color-base,#a2a9b1);padding:0.1em;background:var(--background-color-neutral-subtle,#f8f9fa)}.mw-parser-output .portalbox-entry{display:table-row;font-size:85%;line-height:110%;height:1.9em;font-style:italic;font-weight:bold}.mw-parser-output .portalbox-image{display:table-cell;padding:0.2em;vertical-align:middle;text-align:center}.mw-parser-output .portalbox-link{display:table-cell;padding:0.2em 0.2em 0.2em 0.3em;vertical-align:middle}@media(min-width:720px){.mw-parser-output .portalleft{clear:left;float:left;margin:0.5em 1em 0.5em 0}.mw-parser-output .portalright{clear:right;float:right;margin:0.5em 0 0.5em 1em}}</style><ul role="navigation" aria-label="Portals" class="noprint portalbox portalborder portalright"> <li class="portalbox-entry"><span class="portalbox-image"><span class="mw-image-border noviewer" typeof="mw:File"><span><img alt="flag" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/ba/Flag_of_New_York_City.svg/32px-Flag_of_New_York_City.svg.png" decoding="async" width="32" height="19" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/ba/Flag_of_New_York_City.svg/48px-Flag_of_New_York_City.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/ba/Flag_of_New_York_City.svg/64px-Flag_of_New_York_City.svg.png 2x" data-file-width="500" data-file-height="300" /></span></span></span><span class="portalbox-link"><a href="/wiki/Portal:New_York_City" title="Portal:New York City">New York City portal</a></span></li><li class="portalbox-entry"><span class="portalbox-image"><span class="noviewer" typeof="mw:File"><span><img alt="" src="//upload.wikimedia.org/wikipedia/commons/thumb/2/2a/Industry5.svg/28px-Industry5.svg.png" decoding="async" width="28" height="28" 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data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist reflist-columns references-column-width" style="column-width: 30em;"> <ol class="references"> <li id="cite_note-Variety-1"><span class="mw-cite-backlink">^ <a href="#cite_ref-Variety_1-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Variety_1-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://prnewswire.mediaroom.com/index.php">"About PR Newswire"</a>. <i>Variety</i>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Variety&rft.atitle=About+PR+Newswire&rft_id=https%3A%2F%2Fprnewswire.mediaroom.com%2Findex.php&rfr_id=info%3Asid%2Fen.wikipedia.org%3APR+Newswire" class="Z3988"></span></span> </li> <li id="cite_note-Abelson-2"><span class="mw-cite-backlink">^ <a href="#cite_ref-Abelson_2-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Abelson_2-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-Abelson_2-2"><sup><i><b>c</b></i></sup></a> <a href="#cite_ref-Abelson_2-3"><sup><i><b>d</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFAbelson2003" class="citation news cs1">Abelson, Reed (November 5, 2003). <a rel="nofollow" class="external text" href="https://www.nytimes.com/2003/11/05/business/herbert-muschel-85-founder-of-service-for-corporate-news.html">"Herbert Muschel, 85, Founder Of Service for Corporate News"</a>. <i><a href="/wiki/The_New_York_Times" title="The New York Times">The New York Times</a></i><span class="reference-accessdate">. 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Retrieved <span class="nowrap">2021-09-05</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Columbia+Journalism+Review&rft.atitle=Man+on+the+%28Digital%29+Street&rft.date=2009&rft.aulast=Paskin&rft.aufirst=Janet&rft_id=https%3A%2F%2Fwww.cjr.org%2Fshort_takes%2Fman_on_the_digital_street.php&rfr_id=info%3Asid%2Fen.wikipedia.org%3APR+Newswire" class="Z3988"></span></span> </li> <li id="cite_note-25"><span class="mw-cite-backlink"><b><a href="#cite_ref-25">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation journal cs1"><a rel="nofollow" class="external text" href="https://go.gale.com/ps/i.do?p=AONE&sw=w&issn=0739988X&v=2.1&it=r&id=GALE%7CA16962303&sid=googleScholar&linkaccess=abs">"ProfNet gets your questions out of the world's experts"</a>. <i>Link-Up</i>. <b>12</b> (3): 2–3. 1995-05-01.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Link-Up&rft.atitle=ProfNet+gets+your+questions+out+of+the+world%27s+experts&rft.volume=12&rft.issue=3&rft.pages=2-3&rft.date=1995-05-01&rft_id=https%3A%2F%2Fgo.gale.com%2Fps%2Fi.do%3Fp%3DAONE%26sw%3Dw%26issn%3D0739988X%26v%3D2.1%26it%3Dr%26id%3DGALE%257CA16962303%26sid%3DgoogleScholar%26linkaccess%3Dabs&rfr_id=info%3Asid%2Fen.wikipedia.org%3APR+Newswire" class="Z3988"></span></span> </li> <li id="cite_note-26"><span class="mw-cite-backlink"><b><a href="#cite_ref-26">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFGarrison1998" class="citation book cs1">Garrison, Bruce (1998). <a rel="nofollow" class="external text" href="https://books.google.com/books?id=ymIPEAAAQBAJ"><i>Computer-assisted Reporting</i></a>. Routledge. p. 127. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-1-000-10591-9" title="Special:BookSources/978-1-000-10591-9"><bdi>978-1-000-10591-9</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=Computer-assisted+Reporting&rft.pages=127&rft.pub=Routledge&rft.date=1998&rft.isbn=978-1-000-10591-9&rft.aulast=Garrison&rft.aufirst=Bruce&rft_id=https%3A%2F%2Fbooks.google.com%2Fbooks%3Fid%3DymIPEAAAQBAJ&rfr_id=info%3Asid%2Fen.wikipedia.org%3APR+Newswire" class="Z3988"></span></span> </li> <li id="cite_note-27"><span class="mw-cite-backlink"><b><a href="#cite_ref-27">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBlumKnudson1998" class="citation book cs1">Blum, Deborah; Knudson, Mary (1998). <a rel="nofollow" class="external text" href="https://books.google.com/books?id=rrfaeL3rElwC"><i>A Field Guide for Science Writers: The Official Guide of the National Association of Science Writers</i></a>. Oxford University Press. p. 258. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0-19-512494-1" title="Special:BookSources/978-0-19-512494-1"><bdi>978-0-19-512494-1</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=A+Field+Guide+for+Science+Writers%3A+The+Official+Guide+of+the+National+Association+of+Science+Writers&rft.pages=258&rft.pub=Oxford+University+Press&rft.date=1998&rft.isbn=978-0-19-512494-1&rft.aulast=Blum&rft.aufirst=Deborah&rft.au=Knudson%2C+Mary&rft_id=https%3A%2F%2Fbooks.google.com%2Fbooks%3Fid%3DrrfaeL3rElwC&rfr_id=info%3Asid%2Fen.wikipedia.org%3APR+Newswire" class="Z3988"></span></span> </li> </ol></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=PR_Newswire&action=edit&section=5" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><span class="official-website"><span class="url"><a rel="nofollow" class="external text" href="https://www.prnewswire.com/">Official website</a></span></span> <span class="mw-valign-text-top" typeof="mw:File/Frameless"><a href="https://www.wikidata.org/wiki/Q376399#P856" title="Edit this at Wikidata"><img alt="Edit this at Wikidata" src="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/10px-OOjs_UI_icon_edit-ltr-progressive.svg.png" decoding="async" width="10" height="10" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/15px-OOjs_UI_icon_edit-ltr-progressive.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/20px-OOjs_UI_icon_edit-ltr-progressive.svg.png 2x" data-file-width="20" data-file-height="20" /></a></span></li> <li><a rel="nofollow" class="external text" href="http://www.prnewswire.com/profnet/">ProfNet</a></li></ul>    </div><noscript><img src="https://login.wikimedia.org/wiki/Special:CentralAutoLogin/start?type=1x1" alt="" width="1" height="1" style="border: none; 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