Politico Owner Puts TV Stations on the Block
Posted: 5/2/2013 | 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.
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.