POLITICO Acquires Capital New York

http://www.foliomag.com/2013/politico-acquires-capital-new-york#.Ui9JnryYyKw

Washington D.C. political reporting publication, POLITICO, announced its acquisition of Capital New York. This is the first major transaction since publisher Robert Allbritton sold his television holdings in July.
POLITICO co-founder and executive editor, Jim VandeHei will now also serve as president of the Capital New York division, and he tells Folio: this move was a play "to test our journalistic and business theories in another market." He adds that, "Everything we've done so far has been in Washington, but there is a certain way we do journalism, a certain velocity, a certain voice, and we've always wanted to try it outside of Washington. And to us, New York is the next logical place."