Current:Home > MarketsThe Baltimore Sun bought by Sinclair media executive -Wealth Pursuit Network
The Baltimore Sun bought by Sinclair media executive
View
Date:2025-04-15 21:11:33
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! (4622)
Related
- North Carolina justices rule for restaurants in COVID
- Charlie Woods attempting to qualify for 2024 US Open at Florida event
- Taylor Swift's 'Tortured Poets' reaches 1 billion Spotify streams in five days
- Get Quay Sunglasses for Only $39, 20% Off Miranda Kerr’s Kora Organics, 50% Off Target Home Deals & More
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Get Quay Sunglasses for Only $39, 20% Off Miranda Kerr’s Kora Organics, 50% Off Target Home Deals & More
- Broadway review: In Steve Carell’s ‘Uncle Vanya,’ Chekhov’s gun fires blanks
- Ryan Reynolds, Rob McElhenney talk triumph, joy and loss in 'Welcome to Wrexham' Season 3
- Senate begins final push to expand Social Security benefits for millions of people
- Alabama Coal Mine Keeps Digging Under A Rural Community After Hundreds of Fines and a Fatal Explosion. Residents Are Rattled
Ranking
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Portland strip club, site of recent fatal shooting, has new potential tenant: Chick-fil-A
- 2 women killed by Elias Huizar were his ex-wife and 17-year-old he had baby with: Police
- Amazon cloud computing unit plans to invest $11 billion to build data center in northern Indiana
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Pickup truck hits and kills longtime Texas deputy helping at crash site
- Family of American man believed to be held by Taliban asks the UN torture investigator for help
- NFL draft best available players: Ranking top 125 entering Round 1
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Nasty Gal's Insane Sitewide Sale Includes Up to 95% Off: Shop Tops Starting at $4 & More
Vermont House passes measure meant to crack down on so-called ghost guns
Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
The Latest | Israeli strikes in Rafah kill at least 5 as ship comes under attack in the Gulf of Aden
Machine Gun Kelly Is Not Guilty as Sin After Being Asked to Name 3 Mean Things About Taylor Swift
Get a Perfect Tan, Lipstick That Lasts 24 Hours, Blurred Pores, Plus More New Beauty Launches