Over the past 60 years, newswires have played an integral role in the content distribution space. Commercial newswires can partner with you to provide broad distribution of content, around the globe, at any time.
In this series, we are discussing seven reasons organizations use newswires like Business Wire to distribute their content, including:
- Trust
- Reach
- Visibility
- Innovation
- Disclosure
- Public Demand
- Longevity
This blog discusses the role of regulatory disclosure and the importance of timely distribution in the news industry.
DISCLOSURE
Disclosure rules vary from market-to-market worldwide. Canada has its Timely Disclosure regime, Europe has the Transparency Obligations Directive (TOD) and in many markets, the stock exchange in partnership with the local financial regulator dictate disclosure rules. In the United States for instance, information would be considered “publicly disclosed” under Regulation Fair Disclosure (FD) either by including it in a Form 8-K (SEC EDGAR filing) or disclosed through a method, or combination of methods, that is reasonably designed to provide broad, non-exclusionary distribution of the information to the public (such as a press release distributed through widely circulated news or wire services).
Therefore, a best practice for U.S. publicly-traded companies is to disseminate full-text material announcements to as wide of an audience as possible (i.e., in a full and fair manner). The broad distribution afforded by a newswire allows all stakeholders to receive company news in a timely manner, across a multitude of mediums.
As disclosure regulations evolve, a commercial newswire is a trusted method to meet disclosure requirements in various global markets. In the U.S., the SEC amended its disclosure guidance in 2008 to include website posting. However, corporate websites require audiences to visit their website for content, whereas newswire services push information out to all stakeholders, including corporate websites.
Business Wire's disclosure network, included in every U.S. geographic distribution reaches all key media such as the Associated Press, Bloomberg, Dow Jones, Factset, Reuters, Refinitiv, Investor's Business Daily, Moody's, Standard & Poor's, The New York Times, The Wall Street Journal, as well as full-text posting to websites and databases such as Factiva and Lexis-Nexis.
When you are looking to disclose your news, leverage a partner who is a trusted source and capable of reaching the broadest possible set of stakeholders via an industry-leading distribution like Business Wire’s.
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