Articles about "Allbritton Communications Company"


The website Capital New York will relaunch in December, Politico publisher Robert Allbritton said. (capitalnewyork.com/Sandra Oshiro)

Capital will relaunch in December, paid services coming next year

Politico | Capital The Web publication Capital, which chronicles power and media in New York, will relaunch Dec. 3, Mike Allen reports in Playbook. Politico Publisher Robert Allbritton announced in September he had purchased Capital and intended to use it to "do in New York what we did in Washington with POLITICO."
"Capital will maintain a robust free site, but the majority of Capital coverage will be exclusive to Pro subscribers. There will be three Pro subscription services available around Capital's core coverage areas. City Hall Pro, Albany Pro and Media Pro will bring subscribers minute-by-minute reporting, comprehensive analysis, customizable news alerts, exclusive early-morning newsletters and subscriber-only events. These Pro offerings will be free until early next year.
Capital will also roll out its own email newsletter based on Allen's Playbook: Capital Playbook "will be written by Capital reporters Azi Paybarah and Jimmy Vielkind with POLITICO's Mike Allen," Politico's Mike Allen reports. In addition to its media-beat scoop monster Joe Pompeo, Capital has hired a squadron of other media reporters including Matthew Lynch, who recently broke the news that Hugo Lindgren was leaving The New York Times Magazine, Nicole Levy, Johana Bhuiyan and Alex Weprin. And Capital co-editor Tom McGeveran said on Twitter last week the company is looking for one more media reporter. I used to work for an Allbritton-owned publication, the no-longer-extant TBD.com.
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Don Graham approached Mike Bloomberg, Eric Schmidt about buying Washington Post

The Washington Post
Jeff Bezos "wasn’t the only billionaire wooed" by Washington Post Co. Chairman Donald Graham and the investment bank Allen & Co., Steven Mufson writes. Others included:
Robert Allbritton, owner of Politico and whose family once owned the Washington Star; Michael R. Bloomberg, who some people believed would want a daily print outlet in addition to his economic-driven subscriber news and data service; David Rubenstein, co-founder of the Carlyle Group and a major Washington philanthropist; and Eric Schmidt, who was chief executive of Google for 10 years.

The asking price in other negotiations reached $600 million, according to people familiar with the talks; for one prospective buyer, the price was significantly higher, according to a person whose advice was solicited by that person.
Bezos got the paper for $250 million. Lots, lots more good stuff in Mufson's story about the events that influenced Graham's decision to sell.
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Satellite Communications Dishes on top of TV Station

Sinclair to buy Allbritton TV stations for $985 million

Sinclair Broadcast Group
Sinclair will buy Allbritton's TV stations for $985 million, the company announced Monday. The stations purchased include WJLA-TV in Washington, D.C., WSET in Lynchburg, Va., and WCIV in Charleston, S.C.

In its release, Sinclair says it plans to "sell the license and certain related assets of its existing stations in Birmingham, AL - WABM (MNT) and WTTO (CW), Harrisburg/Lancaster/Lebanon/York, PA - WHP (CBS), and Charleston, SC - WMMP (MNT)" to comply with FCC rules.

Allbritton announced in May it would explore a sale of its TV assets so honcho Robert Allbritton could concentrate on "POLITICO and companies like it," he wrote in a memo. Politico would not be part of such a sale, Allbritton wrote at the time. The stations, two of which are serve the lucrative swing state of Virginia, were expected to get bids of up to a billion dollars, Keach Hagey reported earlier this month. (more...)
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Allbritton, Politico’s parent company, considers sale of TV business

Politico| The Huffington Post
Allbritton Communications Co. CEO Robert Allbritton says he has "decided to explore strategic options for our television station company."

Let me be unmistakably clear to you and potential buyers: there is no chance, none, I will sell POLITICO as part of the deal. My future is POLITICO and companies like it. In fact, my plan is to invest even more in POLITICO and to place additional bets on media companies that meet my definition of successful journalistic and business enterprises. POLITICO continues to carry no debt, funds all investment with operating income and will still turn a profit, again, in 2013. That is the textbook definition of a thriving, sustainable new media company.
ACC, a private company, owns stations in Alabama, Virginia, Pennsylvania, Arkansas, South Carolina and Oklahoma. In Washington, D.C., it owns WJLA-TV, an ABC affiliate, as well as a cable news channel. Politico's main newsroom shares space with those operations. (more...)
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Pennsylvania newspaper, TV station team to compete with less frequent Patriot-News

The Sentinel | WHTM
The (Carlisle, Pa.) Sentinel and Harrisburg, Pa., TV station WHTM have struck a content-sharing agreement that they think will give them an upper hand when the competing (Harrisburg) Patriot-News goes to a three-day-per-week print schedule in January.
“There will be a real vacuum for people who like to read the newspaper seven days a week,” [WHTM] President and General Manager Joe Lewin said. “I think the regular subscribers to The Patriot-News feel abandoned, and I know that The Sentinel management sees this as a real opportunity.”
WHTM will provide the Sentinel with weather content, and both news organizations' stories can end up on both platforms. The Sentinel competes with the Patriot-News in Cumberland County, just west of Harrisburg. (more...)
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