Politico, announced on Monday, that it has reached an agreement to purchase Capital New York.
Capital New York, a political new website that covers the New York area, will receive funding from Politico to expand its staff and boost its focus on politics. Jim VandeHei, one of the Politico’s founders, will be the president of Capital New York. He will remain in Washington and Politico’s Katherine Lehr will move to New York and be Capital New York’s vice president of operations. Capital New York’s co-founders and co-editors, Josh Benson and Tom McGeveran, will continue to serve as co-editors for the site. This will be Politico’s largest expansion since the company was started in 2007. Politico bought Capital New York for an undisclosed amount, reports the Associated Press.
I have very big ambitions for this publication: to do in New York what we did in Washington with Politico,” Robert Allbritton, publisher of Politico, told The New York Times.
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