Hugin Group
Encyclopedia
The Hugin Group distributes full-text, unedited News release
s from companies around the world. With a focus on European newswire distribution to the news media
, Hugin has strategic relationships with partners in the US (Marketwire
) and in Asia (Japan Corporate News Network
, Asia Corporate News Network
.)
and more general Public Relations
content. Content distribution services are provided to companies in 26 countries.
The company distributes news directly from its clients to mainstream news agencies such as Reuters
, Bloomberg
, Yahoo, Comtex
and Dow Jones, is licensed to handle regulatory news disclosure under the European Transparency Directive, part of the MiFiD, maintains a database
of over 152,000 journalists, provides website creation products, webcast
s and PR services.
News release
A press release, news release, media release, press statement or video release is a written or recorded communication directed at members of the news media for the purpose of announcing something ostensibly newsworthy...
s from companies around the world. With a focus on European newswire distribution to the news media
News media
The news media are those elements of the mass media that focus on delivering news to the general public or a target public.These include print media , broadcast news , and more recently the Internet .-Etymology:A medium is a carrier of something...
, Hugin has strategic relationships with partners in the US (Marketwire
Marketwire
Marketwire is a full-service newswire and communications workflow solutions company headquartered in Toronto, Canada with offices throughout Canada, the United States, South America, and Asia. Marketwire was founded in 1993 and incorporated in the U.S in 1999...
) and in Asia (Japan Corporate News Network
Japan Corporate News Network
Japan Corporate News Network disseminates full-text news announcements from companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases and other audiences....
, Asia Corporate News Network
Asia Corporate News Network
Asia Corporate News Network disseminates full-text news announcements from companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases and other audiences....
.)
Business
Hugin distributes both Investor RelationsInvestor relations
Investor Relations is a strategic management responsibility that integrates finance, communication, marketing and securities law compliance to enable the most effective two-way communication between a company, the financial community, and other constituencies, which ultimately contributes to a...
and more general Public Relations
Public relations
Public relations is the actions of a corporation, store, government, individual, etc., in promoting goodwill between itself and the public, the community, employees, customers, etc....
content. Content distribution services are provided to companies in 26 countries.
The company distributes news directly from its clients to mainstream news agencies such as Reuters
Reuters
Reuters is a news agency headquartered in New York City. Until 2008 the Reuters news agency formed part of a British independent company, Reuters Group plc, which was also a provider of financial market data...
, Bloomberg
Bloomberg L.P.
Bloomberg L.P. is an American privately held financial software, media, and data company. Bloomberg makes up one third of the $16 billion global financial data market with estimated revenue of $6.9 billion. Bloomberg L.P...
, Yahoo, Comtex
Comtex
Comtex News Network, Inc. is a distributor of news on the Internet, specializing in the business and financial market sectors. The company is a wholesaler of electronic real-time news and content gathered from thousands of sources, including national and international news bureaus, agencies and...
and Dow Jones, is licensed to handle regulatory news disclosure under the European Transparency Directive, part of the MiFiD, maintains a database
Database
A database is an organized collection of data for one or more purposes, usually in digital form. The data are typically organized to model relevant aspects of reality , in a way that supports processes requiring this information...
of over 152,000 journalists, provides website creation products, webcast
Webcast
A webcast is a media presentation distributed over the Internet using streaming media technology to distribute a single content source to many simultaneous listeners/viewers. A webcast may either be distributed live or on demand...
s and PR services.
Origin
The Hugin Group has its origins in 3 earlier companies:- Companynews was founded in ParisParisParis is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
, FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
in 1999 by the Agence France Presse and L'Agefi. Companynews had always been a pure player of the financial news distribution industry.
- Directnews AG, based in Leipzig, was founded in 2002 with the aim of providing PR communication support for European companies.
- Hugin was founded in OsloOsloOslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...
, NorwayNorwayNorway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
in 1995, beginning with annual report distribution on CD-ROMCD-ROMA CD-ROM is a pre-pressed compact disc that contains data accessible to, but not writable by, a computer for data storage and music playback. The 1985 “Yellow Book” standard developed by Sony and Philips adapted the format to hold any form of binary data....
. With the advent of the commercial InternetInternetThe Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...
, distribution quickly switched to the then new medium. Hugin was the first company to offer a comprehensive do-it-yourself publishing system via the InternetInternetThe Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...
, and by 2007 Hugin had expanded to have a presence in 11 European countries.
History
- October 2005: Hugin acquires Directnews ;
- March 2006: EuronextEuronextEuronext N.V. is a pan-European stock exchange based in Amsterdam and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. In addition to equities and derivatives markets, the Euronext group provides clearing and information services...
acquires Companynews ; - December 2006: NYSE Euronext acquires Hugin ;
- June 2007: the new group operates under a single Hugin brand and forms the leading pan-European corporate communications service provider ;
- September 2009: Hugin Group is bought by the global financial information firm Thomson ReutersThomson ReutersThomson Reuters Corporation is a provider of information for the world's businesses and professionals and is created by the Thomson Corporation's purchase of Reuters Group on 17 April 2008. Thomson Reuters is headquartered at 3 Times Square, New York City, USA...
. Although terms have not been disclosed, it has been reported in the Danish press that the price was between €40m and €42m ; Hugin Group B.V. has been acquired and is a Thomson Reuters company since 15th of October 2009.