Money on the wire

It certainly has been the year of the newswire-at least in terms of business deals. It started off with Berkshire Hathaway's purchase of Business Wire and sales of Market Wire, Primezone, and PRWeb followed. So news in The Sunday Times that London-based private-equity group Apax is planning a bid for PR Newswire seems only logical. As the article points out, PR Newswire has never truly fit in with the other properties owned by United Business Media and as recent media sales in the US have shown, private equity ownership seems to be where the industry is headed. It will be interesting to see what changes will be made to the company should the deal come to fruition.