Dolan Company buys news service

The Dolan Company, owner of the Ronkonkoma-based Long Island Business News, has bought the Federal News Service, the newspaper reported Tuesday.

The paper described the Washington, D.C., news service as “the premier provider of verbatim transcripts of important events in the nation’s capital.”

Its customers include government agencies, news media, embassies and foreign governments, and broadcast monitoring services, the news report said.

“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,” James P. Dolan, the Dolan Company president, said in the news report.

Dolan Media Company, based in Minneapolis, owns publications in 25 states, from Arizona to Rhode Island.

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