by: Katy Bachman | Adweek

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.