The consolidation in the business press release distribution chain continues, as the industry continues being morphed by digital media: Nasdaq Stock Market is buying PrimeZone Media Network, a privately held, LA-based based firm specializing in press release newswire and multimedia services. Terms of the deal were not disclosed.
Nasdaq plans to integrate PrimeZone’s information distribution, investor relations and multimedia services into the product range offered by its corporate client group.  Nasdaq bought Shareholder.com, an investor relations service provider, in the first quarter.
In April,  the third largest firm in U.S., MarketWire, was acquired by Canadian newswire CCNMatthews. Meanwhile, in March, Berkshire Hathaway completed its acquisition of Business Wire, the No. 2 release distributor, for an undisclosed price. The largest U.S. press release distributor, PR Newswire, is owned by Britain’s United Business Media.
More info in the release here.