Politico implodes

Politico implodes
John Harris, and Jim VandeHei of Politico (credit: Jacquelyn Martin/AP)

In what can be described only as a cataclysm in Beltway media, CEO Jim VandeHei is leaving Politico, the eight-year-old politics website that shook up Washington journalism, according to sources and reports by Huffington Post and CNNMoney.

And in what can be described only as a mega-cataclysm, Politico Chief White House correspondent Mike Allen is joining VandeHei in rushing toward the exits of Politico’s Rosslyn headquarters. Allen writes the daily franchise newsletter “Politico Playbook.” A bearer of occasional scoops, Allen is the driver of very frequent revenue. Weekly sponsorships for “Playbook” run in the $50,000 to $60,000 range this year, depending on the news cycle. And that’s not even rolling in the big money that comes from “Politico Playbook” conferences/interviews anchored by Allen. His work alone — complete with ethical issues — subsidized a platoon of Politico reporters.

It doesn’t end there: Kim Kingsley, the Chief Operating Officer is leaving as well. Kingsley has provided the glue that bridged Politico’s newsroom and its business side as the site sprinted to revenues approaching $20 million just years after launching. She headed the colonization of radio and cable-news airwaves that helped establish Politico as a preferred Washington source both for readers and advertisers. The company’s successful events business was also an obsession of Kingsley’s. Other departures are Danielle Jones and Chief Revenue Officer Roy Schwartz.

Continue reading →


Commenting Policy

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

You may use HTML in your comments. Feel free to review the full list of allowed HTML here.