TWENTY MINUTES INTO THE FUTURE: Politico founder plots new Washington newspaper war.
One of Washington, DC’s biggest media investors plans to revive one of the US capital’s great historic rivalries with a direct attack on the limping Washington Post.
Robert Allbritton, who founded Politico and NOTUS and whose father owned the Post rival Washington Star, has discussed taking advantage of the Post’s large-scale layoffs and damaged brand by significantly expanding NOTUS, a public-spirited and education-oriented source of government coverage, into a full-scale news operation, potentially even under a different name, three people with direct knowledge of the conversations said.
NOTUS Media in February filed an application to trademark a new name — The Washington Sun — according to filings.
The Politico founder and NOTUS editor-in-chief Tim Grieve have aggressively privately pursued many of the top remaining names at the Post, hoping to peel off a significant number of top journalists to help the publication become an immediate player in DC.
Allbritton and Grieve have approached senior congressional correspondent Paul Kane, White House bureau chief Matt Viser, chief economics correspondent Jeff Stein, tech reporter Drew Harwell, White House reporter Dan Diamond, and columnist Carolyn Hax, among others.
The publication could replicate some of the success of Politico by launching an events and pricey subscription business. The DC billionaire — his family owned and sold Riggs Bank and WJLA, as well as selling Politico for about $1 billion to Axel Springer in 2021 — has told people that he is willing to invest a significant amount of money on the venture for years in order to stand up the publication.
As for Germany’s Axel Springer, besides owning America’s left-leaning Politico and Business Insider, they’ve just acquired the nominally center-right London Telegraph: Axel Springer Will Buy The Publisher Of UK’s Daily Telegraph For $766 Million.