In May 2013, reports surfaced that Allbritton was planning to sell its television stations; the move came as a result of the increasing success of Politico, which "continues to carry no debt, funds all investment with operating income and will still turn a profit, again, in 2013." On July 29, 2013, the Baltimore-based Sinclair Broadcast Group announced that it would acquire all of Allbritton's stations for $985 million. In particular, Sinclair eyed the potential use of WJLA's NewsChannel 8 as a base to launch a national cable news channel.