Politico set to hire over 40 new staff to expand premium coverage

WanIfra reporting:
It was a Washington story broken by The New York Times: Politico, the D.C.-based digital source of 24-hour political news, will take on more than 40 new employees – at least 20 on each the editorial and business sides – before September.
While the official announcement took place this morning, Politico acknowledged on its website that Christine Haughney of The New York Times broke the news Sunday night.
The expansion will be in the breadth of coverage offered to subscribers to Politico Pro, Politico’s premium service aimed at the site's “core readers,” who have a deeply rooted interest in policy — not to mention deep pockets. The service, which costs $8,500 per month for a five-person subscription, will add new verticals — on defense and finance — to the three originals: energy, health care and transportation. The new package will cover financial services and tax policy, wrote Editor-in-Chief John Harris, Executive Editor Jim VandeHei, and COO Kim Kingsley in a co-signed email to Politico’s staff on Sunday night.
Launched in 2011, Politico Pro was based on a “bet” that the Washington-focused political news provider’s “core readers would pay for access to intense, Politico-style coverage of Washington’s most important policy issues,” said the email, published in full on Politico.com, and signed “John, Jim, Kim.”
http://www.editorsweblog.org/2012/06/11/politico-set-to-hire-over-40-new-staff-to-expand-premium-coverage