National Journal to Buy Political Network
WASHINGTON (AP) _ The National Journal, a weekly politics magazine, will acquire the American Political Network, which publishes The Hotline, a computer-delivered digest of political news.
Terms of the deal, announced today, were not disclosed.
The two organizations are joint owners of PoliticsUSA, a World Wide Web computer service that provides coverage of this year’s elections, including political news, issues information and polling data.
With the acquisition, the National Journal will be the service’s sole owner.
Besides The Hotline, the American Political Network publishes three other daily computer-delivered news summaries: The American Health Line, Greenwire and The Abortion Report.
APN will continue as a separate organization and will remain in its Alexandria, Va., offices.
National Journal will acquire all of APN’s assets except the Digital Sports Network, a company that is 70 percent owned by APN. The companies are seeking an investor to acquire APN’s interest in the network.
National Journal Inc., a Times Mirror company, also publishes CongressDaily, Government Executive and The Almanac of American Politics.