The Dolan Company, formally known as Dolan Media Company, has recently purchased the Federal News Service. The move makes sense as Dolan provides services and business information/news to law, finance and real estate professionals throughout the country. Federal News Service is best known for transcribing major events in Washington—from congressional hearings to speeches and White House briefings, the service is employed by a wide variety of clients.
On the publishing side of Dolan’s business, they maintain a portfolio of over 40 daily and weekly periodicals. Meanwhile, Federal News Service has been around for the past 25 years; they also provide multi-language translated, transcriptions for mass media, embassies and overseas governments.
James P. Dolan, President of The Dolan Company said of the recent acquisition, “Fed News plays an important role in public affairs, reporting exactly what was said, rather than official transcripts that often show only what was supposed to have been said.”
Dolan named Rebecca Snyder as Federal News Service’s new Vice President and General Manager and also pointed out the company shall remain where it has been operating since its inception. Snyder has been Dolan’s VP and General Manager for the past five years. Concurrently, she is the Director of the Maryland-Delaware-DC Press Association as well as The Loading Dock—a not for profit building material reuse center.
Most of Federal News’ work is conducted online for its clients. Services include Washington Transcripts, Transcript Archives, FNS NewsClips Online, Financial and Health Care Transcripts and Broadcast Monitoring. These services provide up-to-the-minute, easily accessible information, transcripts and searchable database of thousands of transcripts.
According to Reuters, James Dolan got the assets of FNS from the trustee of the bankruptcy estate of Cheryl A. Reagan; Bankruptcy Judge Richard Taylor, from Arkansas approved the purchase.