a statement prepared and distributed to the press by a public relations firm, governmental agency, etc.
Origin of press release
First recorded in 1955–60
Also called news release, release.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for news release
an official announcement or account of a news item circulated to the press
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012