noun
press release; press announcement
A formal announcement made to the press, often in a press conference or distributed as a written statement. Common in business, government, and computing contexts.
新製品について記者発表を行った。
They held a press announcement about the new product.
記者発表の内容は明日の朝刊に載るだろう。
The content of the press release will probably appear in tomorrow's morning edition.
プレスリリース is a direct loanword for 'press release' and is more common in casual business contexts, while 記者発表 emphasizes the formal act of announcing to reporters.
Compound of 記者 (reporter, journalist) and 発表 (announcement, release).