(WASHINGTON, DC) - - Politico, the politics and policy news organization, has agreed to acquire energy and environment trade publication E&E News, the two entities said late Tuesday.
E&E News, which produces five daily newsletters covering energy policy and related topics, will remain its own brand under the Politico umbrella. Terms of the deal were not disclosed. It was not immediately clear when the deal would close.
E&E News was founded in 1998 and now has 65 reporters in several offices around the United States, including a main office in Northwest D.C. Politico, which launched in 2007, is based in Arlington.
"Your ongoing support has positioned us to enter into this momentous agreement at a time when our journalism and business have never been stronger," E&E News co-founder and publisher Michael Witt wrote in a letter to readers. "In joining Politico, I believe E&E News can maximize its potential and reach even greater heights. I could not have parted with it for any less."
The acquisition furthers Politico Publisher Robert Allbritton's goal to expand the news organization's reach into more areas within the politics and policy space, according to a release.
“We are doubling down on our policy coverage by investing in journalism and growing our product offerings in the energy and environmental policy space, which touches all aspects of the economy and government," Allbritton said in a statement.
Politico currently has 600 employees in the U.S. and 200 in
Europe, where it runs Politico Europe in partnership with Axel Springer. The
company in 2020 launched AgencyIQ, a subscription product based on regulatory
affairs.
