Current:Home > MyThe Baltimore Sun bought by Sinclair media executive -SecureWealth Bridge
The Baltimore Sun bought by Sinclair media executive
View
Date:2025-04-25 00:12:52
BALTIMORE (AP) — The Baltimore Sun newspaper has been purchased by David D. Smith, the executive chairman of the media conglomerate Sinclair Inc.
Smith told the newspaper he acquired Baltimore Sun Media from the investment firm Alden Global Capital in a private deal reached on Friday. He did not disclose how much he paid in the agreement.
Smith bought the paper with his own assets independently of Sinclair, which is known for its ownership of local television news stations across the U.S. He said, however, that there could be partnerships between the two brands in the future. He will remain the executive chairman at Sinclair.
“I’m in the news business because I believe … we have an absolute responsibility to serve the public interest,” Smith told the Sun in an interview. “I think the paper can be hugely profitable and successful and serve a greater public interest over time.”
Smith told the paper he will focus on local news and investigations, and he plans to use video and social media to attract new subscribers. He will begin meeting with staffers and managers of the Sun and its sister outlets on Tuesday.
Smith said he only began regularly reading the Sun a few months ago but had been interested in buying the media group around two years ago.
“The passage of time has driven me to become more focused on it, and it just seemed like the right time, so I made the deal,” Smith told the paper.
The sale to Smith comes after Alden bought the paper in 2021 as part of a $633 million purchase of the Chicago-based Tribune Publishing newspaper company.
Baltimore Sun Media, winner of 16 Pulitzer Prizes, employs more than 150 people and publishes seven other publications aside from the Sun, with more than 230,000 paid subscribers total. The Sun was founded in 1837 and has since become the largest newspaper in Maryland.
veryGood! (9)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- The CDC works to overhaul lab operations after COVID test flop
- Mom drowns while trying to save her 10-year-old son at Franconia Falls in New Hampshire
- Florida art museum sues former director over forged Basquiat paintings scheme
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Illnois will provide burial for migrant toddler who died on bus
- Minnesota woman sentenced to 7 years in prison in $7M pandemic aid fraud scheme
- Venus Williams, Caroline Wozniacki receive wild cards for 2023 US Open
- A South Texas lawmaker’s 15
- Fall out from Alex Murdaugh saga continues, as friend is sentenced in financial schemes
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Lauren London Pens Moving Message to Late Partner Nipsey Hussle on His Birthday
- After their toddler died in a bunk bed, a family sued. They were just awarded $787 million
- These Towel Scrunchies With 7,800+ 5-Star Reviews Dry My Long Hair in 30 Minutes Without Creases
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- North Carolina GOP seeks to override governor’s veto of bill banning gender-affirming care for youth
- Florida Woman Allegedly Poured Mountain Dew on Herself to Hide Evidence After Murdering Roommate
- See Matthew McConaughey and 15-Year-Old Son Levi Team Up in Support of Maui Wildfires Relief
Recommendation
Travis Hunter, the 2
The EPA is rejecting calls for tougher regulation of big livestock farms. It’s promising more study
Behind the Scenes in the Senate, This Scientist Never Gave Up on Passing the Inflation Reduction Act. Now He’s Come Home to Minnesota
Stock market today: Asia shares decline as faltering Chinese economy sets off global slide
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Why One Tree Hill's Bethany Joy Lenz Was Terrified Before Sharing Cult Experience
Jennifer Lopez's Birthday Tribute to Husband Ben Affleck Will Have Fans Feelin' So Good
'Means the world': Pink responds to being first female stadium headliner in Wisconsin