Robert Allbritton, the billionaire media entrepreneur, said he was “pained” by the Washington Post’s decision to lay off a large chunk of its newsroom in early February. But he also saw it as an opportunity to hire some of the Post’s most well-known journalists, including many who would have been hard to poach in previous years.
“Opportunity knocks, and you’re going to decide if you’re going to answer the door or not,” Allbritton, 57, said. “I’m always the one that says: ‘Look, if an opportunity like this comes up, you ought to go on ahead and see what you can do with it and take it on full throttle, because these things don’t come along very often.’”
