Politico’s top editor Carrie Budoff Brown is joining NBC in a high-level executive position at the network that includes overseeing the "Meet the Press" franchise, sources familiar with the discussions tell Axios.

Why it matters: Budoff Brown has been with Politico since its earliest days in 2007 and is admired among newsroom staff. Her departure will be a major loss to the organization.

• Politico’s highly-regarded CEO Patrick Steel announced earlier this year he would leave the company this summer.
• Politico has grown significantly in the past few years, and has used that momentum to expand its business with a key acquisition and hires.
• Last year, a few of Politico’s top writers said they would be leaving the company to launch their own outlet, Punchbowl News.

The big picture: "Meet the Press" has been aggressively expanding its franchise with new newsletters, streaming shows and podcasts. 

• Sources say "Meet the Press" Executive Producer John Reiss will remain in his role.
• In a memo to staff, NBC News president Noah Oppenheim said Budoff Brown will join in the newly-created role of Senior VP of "Meet the Press."
• "At NBC News, Carrie will be responsible for MTP’s editorial programming on television, digital and streaming and will work to expand the iconic brand’s reach and impact even further," he said.

Editor’s note:NBC is an investor in Axios. MSNBC & Axios engage in a weekday sponsored television appearance at 5:55am ET.