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Politico Buys Online News Site Capital New York

Tax Activist Grover Norquist Discusses Tax Policy At The Newseum
Photo by Alex Wong/Getty Images

NEW YORK (AP) — Politico says it’s reached a deal to buy online news site Capital New York, boosting its coverage of New York politics.

Financial terms were not disclosed.

Politico owner Robert Allbritton said in a letter to his staff that he plans to make a “substantial” investment in Capital New York.

Allbritton said he wants to expand the Politico model of a non-partisan, news-driven website to other markets, with New York being the first.

Capital New York’s co-founders and co-editors, Josh Benson and Tom McGeveran, will remain as co-editors and run the website’s day-to-day operations.

Benson and McGeveran wrote in a letter to readers that Politico’s investment will allow them to add staff and boost the site’s focus on politics and the media.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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