The Washington Post Company Acquires Newsbytes News Network

Posted on December 18, 1997

The Washington Post Company announced Thursday it has acquired the assets of Newsbytes News Network, a leading online information technology newswire service.

Newsbytes, founded in 1983, provides almost 100 news stories to more than 180 print publications, online services, and Web sites around the world that reach over 5 million readers each business day.

Newsbytes covers developments in software, hardware, the Internet, intranets, computer telephony, telecommunications, legal issues, government regulation, international business, and company news. Newsbytes provides photographic images of people and hardware and software products related to its stories.

Newsbytes News Network will become part of Post-Newsweek Business Information Inc., The Post Company's new subsidiary created by combining the publishing properties of TechNews Inc., and several magazines and trade shows acquired from Reed Elsevier.

Newsbytes delivers news updates throughout the day as news breaks in Europe, Asia, and North America. Newsbytes correspondents operate in 20 cities worldwide, including London, Sydney, New Delhi, Tokyo, Washington, D.C., Boston, San Francisco, Toronto, and Hong Kong. Post-Newsweek Business Information will retain Newsbytes' current correspondents and editors. Wendy Woods will remain editor-in-chief.