Herb Muschel
Herbert Muschel
, passed away on November 1,
2003
at 85. In
1954
, he founded
PR Newswire
, a cutting edge service that distributed corporate financial news at a time when the
Federal Communications Commission
allowed only
AT&T
and
Western Union
to send printed messages to a third person. With this direct-to-the-newsroom service,
press releases
were treated as breaking news for the first time. Today,
PR Newswire
uses the latest technology to deliver corporate news worldwide to the
media
,
investors
and general public.
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