Current:Home > ContactThe Baltimore Sun bought by Sinclair media executive -WealthRise Academy
The Baltimore Sun bought by Sinclair media executive
View
Date:2025-04-11 22:01:30
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! (198)
Related
- Global Warming Set the Stage for Los Angeles Fires
- US agency review says Nevada lithium mine can co-exist with endangered flower
- Video shows missing Louisiana girl found by using thermal imaging drone
- Takeaways from AP report on risks of rising heat for high school football players
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Midwest States Struggle to Fund Dam Safety Projects, Even as Federal Aid Hits Historic Highs
- Krispy Kreme brings back pumpkin spice glazed doughnut, offers $2 dozens this weekend
- Detroit Red Wings, Moritz Seider agree to 7-year deal worth $8.55 million per season
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Sebastian Stan Seemingly Reveals Gossip Girl Costar Leighton Meester Was His First Love
Ranking
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Tourists can finally visit the Oval Office. A replica is opening near the White House on Monday
- 'I gotta see him go': Son of murdered South Carolina woman to attend execution
- Jets' Aaron Rodgers, Robert Saleh explain awkward interaction after TD vs. Patriots
- Grammy nominee Teddy Swims on love, growth and embracing change
- Civil rights groups call on major corporations to stick with DEI programs
- Video shows missing Louisiana girl found by using thermal imaging drone
- Strong storm flips over RVs in Oklahoma and leaves 1 person dead
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
Young students protest against gun violence at Georgia Senate meeting
Burlington pays $215K to settle a lawsuit accusing an officer of excessive force
Jake Paul says Mike Tyson wasn't the only option for the Netflix fight. He offers details.
'Most Whopper
'Hero' 12-year-old boy shot and killed bear as it attacked his father in Wisconsin, report says
Jeopardy! Contestant Father Steve Jakubowski Is the Internet’s New “Hot Priest”
Don't fall for this: The fake QR code scam that aims to take your money at parking meters