Current:Home > ContactThe Baltimore Sun bought by Sinclair media executive -WealthRise Academy
The Baltimore Sun bought by Sinclair media executive
View
Date:2025-04-19 03:50:44
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! (3)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Scientists Examine Dangerous Global Warming ‘Accelerators’
- Simu Liu Reveals What Really Makes Barbie Land So Amazing
- Texas Gov. Greg Abbott defies Biden administration threat to sue over floating border barriers
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Earth Could Warm 3 Degrees if Nations Keep Building Coal Plants, New Research Warns
- Women fined $1,500 each for taking selfies with dingoes after vicious attacks on jogger and girl in Australia
- How State Regulators Allowed a Fading West Texas Town to Go Over Four Years Without Safe Drinking Water
- Could your smelly farts help science?
- Some will starve, many may die, U.N. warns after Russia pulls out of grain deal
Ranking
- Meet first time Grammy nominee Charley Crockett
- Prigozhin's rebellion undermined Putin's standing among Russian elite, officials say
- Eduardo Mendúa, Ecuadorian Who Fought Oil Extraction on Indigenous Land, Is Shot to Death
- The Summer I Turned Pretty Season 2 Gift Guide: American Eagle, Local Eclectic, Sperry & More
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- America’s Forests Are ‘Present and Vanishing at the Same Time’
- As Germany Falls Back on Fossil Fuels, Activists Demand Adherence to Its Ambitious Climate Goals
- Keep Up With Khloé Kardashian’s Style and Save 60% On Good American Jeans, Bodysuits, and More
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Companies Object to Proposed SEC Rule Requiring Them to Track Emissions Up and Down Their Supply Chains
In Braddock, Imagining Environmental Justice for a ‘Sacrifice Zone’
Potent Greenhouse Gases and Ozone Depleting Chemicals Called CFCs Are Back on the Rise Following an International Ban, a New Study Finds
Could your smelly farts help science?
Kate Middleton Turns Heads in Chic Tennis Ball Green Dress at Wimbledon 2023
A US Non-Profit Aims to Reduce Emissions of a Super Climate Pollutant From Chemical Plants in China
Climate Change Enables the Spread of a Dangerous Flesh-Eating Bacteria in US Coastal Waters, Study Says