Fred Ryan, the president of Allbritton Communications Company and CEO of Politico has announced he will step down from both roles by the end of the year.
According to Allbritton’s Washington, D.C., ABC affiliate WJLA, Ryan told staffers in a letter sent late Sunday night he will step down as soon as the sale to Sinclair Broadcasting closes.
Ryan, who has been with Allbritton for 19 years and once worked in the White House for then President Ronald Reagan, told the Washington Post, “I just felt this was a logical time to explore opportunities that have come my way. I have been approached about some things that have appealed to me and that I think are worth exploring, but I haven’t made any decisions.”
In the letter, Ryan told staffers his time at Politico was one of the highlights of his career. “We set out to create what I often called ‘the ESPN of politics,'” he added. “And we have succeeded beyond any reasonable expectations,”