Current:Home > StocksThe Baltimore Sun bought by Sinclair media executive -TradeCircle
The Baltimore Sun bought by Sinclair media executive
View
Date:2025-04-14 09:35:21
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! (5)
Related
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Coyote attacks 5-year-old at San Francisco Botanical Garden
- Biden to bestow Medal of Honor on two Civil War heroes who helped hijack a train in confederacy
- Caitlin Clark, Angel Reese headline WNBA All-Star team that will face US Olympic squad
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- 74-year-old woman dies after being pushed in front of Bay Area train by stranger
- Most deserving MLB All-Star starters become clear with full season's worth of stats
- Beyoncé, Tina Knowles tap Victoria Monét for new Cécred hair care video
- All That You Wanted to Know About She’s All That
- Utah State to fire football coach Blake Anderson following Title IX investigation
Ranking
- Don't let hackers fool you with a 'scam
- Ann Wilson announces cancer diagnosis, postpones Heart tour
- Woman fatally mauled by 2 dogs in Tennessee neighborhood; police shoot 1 dog
- How a ‘once in a century’ broadband investment plan could go wrong
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Horoscopes Today, July 2, 2024
- Delaware judge refuses to dismiss lawsuit stemming from fatal police shooting of mentally ill woman
- Appeals court rejects Broadway producer’s antitrust claim against actors’ and stage managers’ union
Recommendation
2025 'Doomsday Clock': This is how close we are to self
Biden to bestow Medal of Honor on two Civil War heroes who helped hijack a train in confederacy
Ann Wilson announces cancer diagnosis, postpones Heart tour
Suki Waterhouse stars on British Vogue cover with her baby, talks ex Bradley Cooper
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Seine water still isn't safe for swimmers, frustrating U.S. Olympians
California Legislature likely to ask voters to borrow $20 billion for climate, schools
Angel Reese cries tears of joy after finding out she's an All-Star: 'I'm just so happy'