Fred Ryan, the president of Allbritton Communications Company and the CEO of POLITICO, will step down from both roles by the end of 2013.
The Sinclair Broadcast Group has entered into an agreement with Allbritton Communications to purchase WJLA, NewsChannel 8 and the several other ABC affiliates scattered across the south and East Coast.
Joe L. Allbritton, the founder of Allbritton Communications, the parent company of ABC7, NewsChannel 8 and POLITICO, died Wednesday, just 17 days shy of his 88th birthday.
Joe Allbritton made his original fortune in banking, becoming a millionaire by age 33 in a career that brought him friendships with some of the most powerful people in Washington and around the world.
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