Politico Founder Sees $1,000 a Year Fee for Capital N.Y.

By: Edmund Lee | Bloomberg

Robert Allbritton, publisher of Washington politics website Politico, plans to charge subscription fees of about $1,000 a year for a high-end version of newly acquired media and politics blogCapital New York.

Allbritton, who sold his family’s local TV stations for $985 million in July, announced the purchase of Capital yesterday, without disclosing financial terms. Capital, which will continue to run separately from Politico, plans to hire 24 editors and reporters to add to its current staff of 7.