Politico’s Owner Purchases Another News Site
Robert Allbritton, the owner of Politico, is expanding his digital empire with the purchase of online news site Capital New York. The announcement is expected on Monday.
The move comes a little more than a month after the Washington media mogul agreed to sell his eight television stations for nearly $1 billion. When Mr. Allbritton announced his intention to explore such a sale in May, he said he planned to use the resources from it to further invest in Politico and other media.