Politico’s Owner Said To Be Seeking $1B In Deal With Axel Springer

Robert Allbritton, the owner of Politico, is weighing a lucrative payday against maintaining full control over a widely read Washington news site.

Allbritton Buys Capital New York


Allbritton Decides To Change The Channel

Joe L. Allbritton built a media dynasty in Washington by investing in the television business. His son, Robert, seems intent on reshaping his father’s legacy by getting out of it.The younger Allbritton said in a memo that the company will concentrate on new media, including Politico, its successful politics website and newspaper. “This is the Golden Age of new media innovation, and I intend to stay on the leading edge of it,” he wrote in a dispatch to company employees.