Meaning of the word "press statement" in English

What does "press statement" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

press statement

US /pres ˈsteɪtmənt/
UK /pres ˈsteɪtmənt/

Noun

an official report or announcement issued to the press by an organization or public figure

Example:
The company issued a press statement regarding the merger.
The politician read a prepared press statement to the reporters.