The Dolan Company, which provides services and business information to law, finance and real estate professionals, has purchased the 25-year-old Federal News Service.

Federal News Service transcribes everything from congressional hearings and speeches to presidential public appearances, the press conferences of administration officials and more.

Company President James Dolan acquired Federal News Service from the trustee of the bankruptcy estate of Cheryl Reagan. U.S. Bankruptcy Judge Richard Taylor in Hot Springs, Ark. recently approved the transaction. The deal closed Aug. 8.

Dolan has named a new President/GM and an executive V.P. Find out who they are after the jump…

Dolan named Rebecca Snyder as Fed News V.P. and GM, who will report to Mark Stodder, executive V.P. of The Dolan Company’s Business Information Division. The company will reportedly remain at its offices at 1000 Vermont Avenue NW.

Snyder takes over Federal News Service after working for 12 years at The Dolan Company’s Daily Record Company in Baltimore, where she most recently was vice president and general manager since 2005.