Politico acquires E&E News for undisclosed amount
Politico is acquiring E&E News, a high-price subscription trade publication focused on the energy industry and environmental news, reports Lukas I. Alpert of The Wall Street Journal.
Alpert reports, “The deal will substantially expand Politico’s footprint in the energy news space and is part of a bigger move to grow its professional news business. E&E News has some 65 reporters in nine offices around the country, adding to Politico’s existing 17 editorial staffers focused on energy and environmental news.
“‘The story of our generation going forward is the environment and how the energy sector adapts to what needs to be done,’ Robert Allbritton, Politico’s publisher and owner, said in an interview. ‘It is a massive story.’
“Politico plans to maintain E&E News as a separate brand, the company said. E&E’s principal founder and owner, Michael Witt, will remain with the company for some time in a consulting role.”
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