Photo: Getty Images for POLITICONOT POLITICO AS USUAL: Politico has a new boss—and he’s a money guy, not a content guy. The D.C.-obsessed web publication has named Patrick Steel, a longtime executive at investment bank FBR & Co., as its new chief executive, reports The Wall Street Journal’s Lukas I. Alpert. Mr. Steel takes the CEO reins from Politico owner Robert Allbritton, who took over those duties last year when Politico co-founder and CEO Jim VandeHei left the site in a very public breakup to launch rival outlet Axios. “I think there is a tremendous runway for growth as people are now, more than ever, trying to understand politics and government,” Mr. Steel said. Mr. Steel, who logged time with President Bill Clinton’s administration in the ‘90s and raised money for Hillary Clinton, says he skews moderate politically, though says he’s a businessman first.

Source: Wall Street Journal April 25, 2017 11:38 UTC