Longtime TV owner Allbritton Communications is looking to get out of the TV business to devote all its resources to Politico and other new media. Robert Allbritton, the 44-year-old publisher of Politico, revealed his plans in a memo to employees this morning.
The Washington, D.C.-based company retained Moelis & Co. LLC as its financial advisor in seeking a buyer for the company's seven ABC affiliates, including WJLA-TV in Washington, D.C., and cable channel NewsChannel 8.
In a memo to employees, Allbritton made it very clear that Politico was the future of the company and that there was absolutely no chance the D.C.
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