This press release uses a format that is generally accepted by most media. The release should be double-spaced. Keep it brief and in inverted-pyramid style: most important news first, secondary news next, etc. If the story runs on to a second page, identify your story in the upper left-hand corner. End the release with three # symbols bottom-center.
Contact: <contact information>
<DATELINE>--<company name> regretfully announces that <employee name> will no longer be employed by the company after <termination date>. <last name>, who has spent <years employed> as <company name>'s <position>, will be moving on to other opportunities.
<why person is leaving>
A replacement for <employee name> has not been determined. For more information, please contact <contact person> at <contact number>.