Current:Home > NewsThe Baltimore Sun bought by Sinclair media executive -InfiniteWealth
The Baltimore Sun bought by Sinclair media executive
View
Date:2025-04-17 09:01:33
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! (536)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Justice Department says it won't prosecute Merrick Garland after House contempt vote
- Derek Jeter’s New York castle might finally have a buyer
- Judge rejects religious leaders’ challenge of Missouri abortion ban
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Here are the most and least affordable major cities in the world
- Floating Gaza aid pier temporarily dismantled due to rough seas
- 76ers star Joel Embiid crashes NBA Finals and makes rooting interest clear: 'I hate Boston'
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Dog-eating crocodile that terrorized Australian town is killed and eaten by residents: Never a dull moment
Ranking
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Untangling the Heartbreaking Timeline Leading Up to Gabby Petito's Death
- Waffle House servers are getting a raise — to $3 an hour
- Biden preparing to offer legal status to undocumented immigrants who have lived in U.S. for 10 years
- Former Danish minister for Greenland discusses Trump's push to acquire island
- A few midwives seek to uphold Native Hawaiian birth traditions. Would a state law jeopardize them?
- Judge dismisses lawsuit challenging federal rules to accommodate abortions for workers
- My autistic brother fought an unaccepting world. My graduating students give me hope.
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
What College World Series games are on Saturday?
Don’t take all your cash with you to the beach and other tips to avoid theft during a Hawaii holiday
Nashville police officer arrested for appearing in adult OnlyFans video while on duty
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Rome LGBTQ+ Pride parade celebrates 30th anniversary, makes fun of Pope Francis comments
My autistic brother fought an unaccepting world. My graduating students give me hope.
How The Bachelor's Becca Tilley Found Her Person in Hayley Kiyoko