The Chairman of the Board of Trustees of the Ronald Reagan Presidential Library will no longer be the CEO of Politico, a position he has held since the publication debuted in 2007.
On Sunday, Fred Ryan, the founding CEO of the beltway-centric publication, announced he would step down from his position in the near future after Politico’s parent company sold off its television holdings to invest more in the publication.
“Although it has been a difficult decision to make, I have concluded that the closing of the sale will be the logical time to pursue other career options that have emerged in recent months and explore how best to put my business interests to work in a new arena,” Ryan wrote in a memo that Politico published. “I will remain in my roles at POLITICO and Allbritton Communications Company until my work in closing the television sale is complete.”
Because of Ryan’s affiliation with the Reagan Library, Politico held Republican presidential primary debates at the library with left-wing MSNBC during the last two presidential election cycles.
Politico partnered with MSNBC to host Republican presidential primary debates at the Reagan Library during the 2008 election cycle and joined with MSNBC and Telemundo for a debate during the 2012 cycle.