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...)