Inside 1 Billion Usd, The Politico For The Germans

The case of selling Politico sheet for $ 1 billion shocked international press village. Below is the analytical translation of the journalist Ben Smith from The New York Times. From the "small boss son" to become a big tycoon in the same way: Robert Allbritton has just become the most incredible winner in the deal Silver sold the Politico. I was sitting in the bar next to John Harris, a former National Editor of The Washington Post. At the end of 2006, Harris was recruiting me for a new project, a super blog called The Politico

. I care, but I have a few questions about the owner. I have never heard of Robert Allbritton and I asked Harris whether it was the type of billionaire publisher who wanted its category to be on the front page, or whether it was a rich owner There was a habit of finding a new pleasure.Harris only said Allbritton from Wesleyan as if he was an unresponsive person
But Allbritton was not "harmless". He built The Politico became a strong media brand. But it's time for him to withdraw the foot from it. Dao 26.8, Allbritton has reached a negotiable agreement for a billion dollars in cash for the German Axel Springer media company, which means Allbritton has withdrawn from what perhaps is the most successful exit in the new generation of media (under pure business conditions). Allbritton, who poured over $ 50 million of family members into Politico in 2018, is now one of the most successful media investors in the century - although Politico, which has never participated in the investment war Noisy adventure, rarely mentioned on hot media.AXEL Springer publishes German Bild leaf newspaper, but their CEO, Mathias Döpfner, said that the Politico agreement has strengthened Future in the US of the company. Now, Allbritton said very happy to assign his company to Axel Springer. "According to some ways, they have more American quality than most Americans today," Allbritton said. "They talked about freedom of press, they talked about freedom of thought
.." Mr. Allbritton noted that Politico employees would not have to follow the principles of the German company. I talked to Mr. Allbritton, 52 Age, by phone for about 90 minutes into 28.8. I was promising to do the first interview with Allbritton after the purchase was publicly available. Allbritton's story made me curious for a long time. When founding Politico, he was known as the adjacent class of a emerging dynasty at D.c. Replace the Graham house, own the Washington Post. Allbritton's father, Joe, is a television tycoon from Houston, who bought The Washington Star in 1975, hoping to turn it into a strong competitor on the newspaper stall, leaning towards the right side. As a publisher, in fact, Mr. Joe stressed to put his category on the front page. That's because Mr. Joe belongs to "another generation" and a person "knows the commander and control", the son Robert Allbritton said. When the federal managers forced Joe to sell The Star in 1978 for the The rule prevents communication companies from owning television stations and a newspaper in the same city, Joe has been exhausted, Allbritton remembers. This, Mr. Allbritton joined the following family's business When graduating from Wesleyan School in 1992 with a national equal to the country. In 2007, Allbritton takes advantage of gaps in cross-ownership regulations that allow a company to own a television station running a publication that does not appear regularly (Politico printed edition according to National Assembly schedule). He bet on the label as the newspaper of the two former stars, Mr. Harris and Jim Vandehei. They take Mike Allen, a journalist of Time magazine, who has been known as a news repository and gossip in Beltway, and Allen filled Politico's PlayBook newsletter with the type of content suitable for assistants of the White House, the Georgetown host, the K-Street lobbyist as well as Capitol Hill. Father Joe is very limited. Before died in 2012, Joe had a politico hat around the town. In 2013, Robert Allbritton, is currently the CEO of Allbritton Communications because private holds, has sold the family TV station And devoted my heart to my own spirit, Politico. Allbritton confirmed: That year, Axel Springer - was a partner of Politico Europe - asked to redeem this publication in a deal worth about 250 Million USD. Tong Vandehei, At that time Politico's executive, was bridged to work for the family's business - and he wanted to agree. Mr. Allbritton refused, like he rejected the previous announcements of CNN and Reuters. The old margins between Mr. Vandehei, Mr. Harris and Mr. Allbritton were then sour. Mr. Vandehei, Mr. Allen and the company's business manager, Roy Schwartz, left Politico and began to move to the opponent of Axios. They succeed immediately and become

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