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Article: UPI acquired by News World Communications.
- Article from:
- United Press International
- Article date:
- May 16, 2000
CopyrightCOPYRIGHT 2000 United Press International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON, May 15 (UPI)
United Press International, the 93-year-old global newsgathering agency, has been acquired by News World Communications Inc., which owns the Washington Times newspaper.
UPI Chief Executive Officer Arnaud de Borchgrave told UPI staff members that the news agency would retain its editorial independence and that News World Communications was looking for ways to upgrade and expand the operation. The terms of the sale, which included assets of UPI including the corporate name and trademark, were not disclosed.
De Borchgrave told staff his main concern in finding a buyer for the news service was retaining staff jobs. Editorial ...