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Jim VandeHei Named President, CEO of Politico And Capital New York (Politico / Dylan Byers on Media)
Politico co-founder and executive editor Jim VandeHei will take over as president and CEO of Politico and Capital New York, Allbritton Communications Company chairman and CEO Robert Allbritton announced in a memo Sunday evening. The move follows Fred Ryan’s decision last month to step down as CEO and president of Politico and president and COO of ACC. NYT In a telephone interview, VandeHei, who until the move held the title of Politico executive editor, said, “I really want to dedicate my energy and whatever talents I have to figuring out a profitable future for journalism.” His longtime colleague John F. Harris will remain Politico’s editor-in-chief. USA Today Politico launched in 2007. Harris and VandeHei initially proposed the idea for a website aimed at national politics to their bosses at The Washington Post, and when they demurred, Allbritton decided to back the venture. Politico rapidly became a major new-media success, attracting a large audience and becoming a go-to place for inside Washington news. It became known for its speed and aggressiveness, determined to outdo its rivals — “win the morning” in Politico-speak — and drive the capital conversation. HuffPost / The Backstory Allbritton’s decision in May to sell the company’s TV stations in order to focus on Politico and make new media investments marked a generational shift for the family-owned media company. In July, it was reported that Sinclair Broadcast Group agreed to pay nearly $1 billion for the stations, with the sale expected to close next year.