This machine is called a Teletype.
Between 1935 and 1975 it was used by newswires to literally re-type your press release for distribution.
And you paid "per word / per page" for the manual labour + distribution.
In fact, “per word billing” is exactly why the incumbent newswire services gouge you this much Per Press Release:
Accesswire - $400 US+ Per Press release - zero Unlimited packages
Cision - $700+ Per Press release – no Unlimited packages
Newsfile - $639 Per Press release – zero Unlimited packages
Globenewswire - $1,200 Per Press release - no Unlimited packages
Businesswire - starts at $495 USD Per Press Release - zero Unlimited packages
TheNewswire is the only Accredited Tier 1 newswire with set, fixed rates:
-$250 Per Press Release – unlimited words, free image and / or audio or video inclusion.
-Annual / Unlimited Press Releases - $2,500
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