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Internal communication refers to letters or memos that are only for people within a company, and generally not for the general public to see. That doesn't mean they have secret information in them (although they certainly could have information that is private), but usually, they have information that only the people in the company would understand or care about. For example, my boss sends me and my colleagues a memo about a meeting on August 11th; the memo contains the agenda for the meeting. This is an example of internal communication-- it is disseminated only to the people in my department. But if a company spokesman or spokeswoman issues a statement by the company president on an important issue, and sends the statement to the media, that is NOT an internal memo, since it is being sent to a wider audience and not just people in the company.

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