Danielle Jones came from the Hotline. Politico reporters are breaking stories and rattling the capital: Allens expos about the Washington Postsproposed salonsat which lobbyists would pay to dine and dish with reporterskilled the plan and scalded publisher Katharine Weymouth. And I think that always bothered [Allbritton].. Harris and his wife, Ann OHanlon, read the notes and reconsidered. In this article, we covered Robert Allbritton's net worth, wiki, bio, career, height, weight, pics, family, affairs, car, salary, age, facts, and other details in 2022.Continue reading to discover who is Robert Allbritton. Back at company headquarters in Rosslyn, Robert Allbritton analyzed spreadsheets and crunched the numbers. We could really kick up some dirt quick.. In the late 1980s and early 90s, Allbritton attended Wesleyan University, known for its liberal activism. I had plans to bring the bank around, Robert Allbritton says. Theyre publishing 600,000 copies; were putting out 35,000. We were into personal computers before personal computers were cool, Robert says. I dont know, maybe., There were reasons to lose confidence. Colleagues considered Allbritton friendly, if a bit shy. In 1978, Mr. Albritton joined Texas American Bank as Senior Vice President. Friedman called CBS News president Sean McManus to make sure he could make good on the promise; VandeHei called Harris at the Post. The only other hire from the Post was Kim Kingsley to run public relations. "[5] He is a trustee of the Lyndon Baines Johnson Library and Museum. The two executives took a cab across the river and met with Friedman. The following year, Politico had more than 450 employees in Rosslyn, Florida, Massachusetts, New Jersey, California, Illinois, Paris, London, Brussels, and Berlin cranking out roughly 6,000 news items a month. Were off to the races.. The only dark clouds, in fact, had little to do with Politico itself. He also figured he could make good on a lifelong dreamlearning to fly a plane. I interviewed the best anchors and on-air talent in the region and cherry-picked the best to create a star staff, he says. To celebrate the birth of his actual child, Allbritton handed out cigars bearing Politicos logo, a gift from Fred Ryan. Tall and thin, the boss seems to have a smile or good word for everyone. From a 2009 Washingtonian magazine story by Harry Jaffe headlined The Son Also Rises: Robert Allbritton may seem low-key, but one of his top people says, He has vision, balls, and money.'. In some ways, he says, I couldnt have been happier. But they also included money. Two papersRoll Call and the Hillwere making money covering politics and policy. At 22, he was analyzing deals and helping the bank decide on loans. Barnett suggested that he hire Marty Tolchin to help launch the new enterprise. Allbritton wrote again following a 1997 trip to Santiago to express his gratitude for "our thriving personal friendship, which you have demonstrated through your gracious hospitality and stalwart. Gary Peck, MD The timing was awful: In 2004, federal regulators concluded that Riggsthe bank that had financed the Mexican-American War and the purchase of Alaskahad overlooked suspicious transactions involving government officials of Saudi Arabia and Equatorial Guinea. Outside news organizations were reporting a massive, unexpected overhaul of the companys leadership. So we are not tolerating it and have moved on., About the dispute, VandeHei says: This isnt a soap opera. They could spoon-feed previously unreported materials to Politico, whichin its dash to be firstwould publish these scoops with little regard for news value. Now executives were scrambling to respond. Harris was a cerebral, frumpy-looking editorthe nutty professor, says a former colleaguewho provided institutional credibility. We wake up to our BlackBerrys, start filing, and keep it up all day, says a reporter. Afterward, Allbritton occasionally gave instructions to executives and said, Dont tell Jim that I told you this., Politicos leaders were grateful to Allbritton for the resources he devoted to the company but were puzzled about why he wouldnt embrace the role of owner and allow the executive staff to run the company, the source says. A paper would be a nice fit with their broadcast and cable-news operations. He befriended Presidents. Deep down, I think Robert wanted to be the guy with the loyal following and the guy who was getting creditinternally and externallyfor our success. But pushing reporters and muscling into the media market has come at a cost. Two years ago, the couple had a son, Alexander Lewis Allbritton. The group created a live-events business and, in 2010, launched Politico Pro, which delivered detailed policy coverage on energy, technology, and other sectors. People should be celebrating, not shooting spitballs., For his part, VandeHei had grown irritated by what he viewed as Allbrittons erratic involvement in Politico, according to a former member of the companys leadership. Its a businessand a very successful one. He completed his undergraduate degree and law degree from Baylor University, where he was a national champion debater. They paid a decent price for it., Says Trachtenberg: He saved everybodys bacon. But the price kept going up and the deal never got done. I do have a sense of responsibility for this community, he says. VandeHei was at the top of the reporting game. Allbritton was sold. The [only] other one that was really in the running was Power and Politics, VandeHei says. They havent figured out a way to fix it or avoid it., Ryan Grim started reporting for Politico when it launched in 2007; he had come from the Washington City Paper. David Bass, a public-relations executive, had been hired to help Allbritton Communications find an editor for its new newspaper. The next day, Ryan met VandeHei and Harris for lunch at the Metropolitan Club. He was probably the most powerful businessman in the city, says Bill Regardie, the former publisher of Regardies, Washingtons monthly business magazine at the time. When Comcast bought stakes in Vox and BuzzFeedfor$1 billion and $1.5 billion, respectively,Jim thought it would be insane not to take advantage of this moment. Allbrittons retirement lasted less than a year. [1] He contributed to Washington National Cathedral, where he was made a Lay canon. It had confounded its competition in the political-news industry. He turned out to be a thoughtful, responsible, unflappable guy. This story is from the August issue of Washingtonian, on newsstands July 21. Federal prosecutors were harsh, but they also said, We welcome the banks decision to accept responsibility, to implement internal processes to prevent future such violations, and to cooperate fully with our ongoing investigations., Throughout the investigations, Robert ran the bank well, according to Steve Trachtenberg, who was on the banks board. Allbritton Name Meaning & Allbritton Family History at - Ancestry This article first appeared in the August 2009 issue of The Washingtonian. It had a good name. They got together in the 27th floor. He was my savior, Zander recalls. Other criticism was more legitimate. Axel Springer executives had made clear to Harris, VandeHei, and other Politico leaders that the company was interested in expanding their partnership. Robert was always better than I was [at programming], remembers Face the Nation host John Dickerson, Allbrittons childhood friend. After Joe Allbritton died in December 2012, his son Robert sold the Allbritton TV stations for $980 million. For many people in DC, the most important thing is what they project, how they dress, which party they were invited to. Valenti, who died in 2007, was one of Allbritton's closest friends; the 41st president was a regular at the annual brunch Allbritton and his wife, Barbara, held at their Washington home on. Among them was Jerry Fritz, who is still with the company. Politico was his baby, a former Politico executive says. Dr. Allbritton lives in Georgetown with her husband Robert, publisher of Politico, and three children. The question on Allbrittons mind: Do you want to put a big bet on something you already have a big bet on? The story behind this seemingly abrupt exit was a total mystery to one of the most well-wired newsrooms in Washingtonand Allbritton and VandeHei did their best to keep it that way. I dont see us competing against the Post, Robert Allbritton tells me. We exist on Planet Capitol Hill, he says. All except Graham have since retired or changed jobs. Again, Allbritton hired a former Postie, Jim Brady, to lead the effort, called TBD. It was a bit like a state visit, Harris recalls. Politicos identity as a singular scoop factory faded. . Dr. Allbrittons approach to patients is holistic and includes examining the role that diet, mindfulness and exercise play in ones overall health. It became all-consuming for a few months.. Deep down, I think Robert wanted to be the guy with the loyal following and the guy who was getting creditinternally and externallyfor our success. Four years later, he sold the newspaper to Time Inc. but kept the television station. Allbritton and his wife, Barbara, were major contributors through to numerous organizations through the Allbritton Foundation. He and Schwartz left the company this past spring and have been courting investors on Wall Street and in Silicon Valley for their as yet undefined new venture. In 2011, for example, AOL bought the Huffington Post for $315 million. Allbritton himself spends much less time in the corporate suite on the 27th floor these days. Now, as publisher of Politico, hes taking on a more public role. He suggested that VandeHei contact Fred Ryan. Are these guys on the level? Harris had just returned to the paper after cowriting a book about the 2004 presidential campaign. I even did some on-air reporting, he says. These publications can make a lot of money from a small group of advertisers, she says. And for more on that, the broadcaster said, we go to Washington Post political correspondent Jim VandeHei.. If VandeHeis vision had been realized, Politico would have joined forces with a European media giant. The four met regularly to knock around ideas. But theyd come to the conclusion that the Post under Downie wasnt nimble enough to produce the Internet and newspaper publication they hoped to create. Robert sought advice from Stephen Trachtenberg, then president of George Washington University, which Robert had attended for a semester. I catch up with Allbritton in the glassed-in conference room in the center of the combined newsrooms. In 1981, when Joe Allbritton bid $70 million for 40 percent of the stock and a controlling interest, Riggs was the regions largest bank. Senior writer Luke Mullins (@lmullinsdc on Twitter) can be reached at lmullins@washingtonian.com. One glance at their Web site and I get a sense of whats going on.. As far as most people knew, they still were. He was covering the White House for Time. He was a millionaire by age 33. They could generate more than enough cash to pay their interest expenses, Berckmann says.
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