Current:Home > MarketsThe Baltimore Sun bought by Sinclair media executive -Global Capital Summit
The Baltimore Sun bought by Sinclair media executive
View
Date:2025-04-11 14:07:12
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! (24389)
Related
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Mexico rights agency says soldiers fired ‘without reason’ in border city in 2022, killing a man
- Watch this darling toddler run for the first time, straight into her military dad's arms
- Diplomats from South Korea, Japan and China will meet about resuming a trilateral leaders’ summit
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- El Nino-worsened flooding has Somalia in a state of emergency. Residents of one town are desperate
- AP Week in Pictures: Asia
- Witnesses describe vehicle explosion at U.S.-Canada border: I never saw anything like it
- Former longtime South Carolina congressman John Spratt dies at 82
- Inmate dies after being attacked by other prisoners at California max-security lockup, officials say
Ranking
- Federal hiring is about to get the Trump treatment
- OxyContin maker’s settlement plan divides victims of opioid crisis. Now it’s up to the Supreme Court
- Which Thanksgiving dinner staple is the top U.S. export? The answer may surprise you.
- Retailers ready to kick off unofficial start of the holiday season just as shoppers pull back
- Meta donates $1 million to Trump’s inauguration fund
- Woman alleges Jamie Foxx sexually assaulted her at New York bar, actor says it ‘never happened’
- Thanksgiving is a key day for NHL standings: Who will make the playoffs?
- Hundreds of German police raid properties of Hamas supporters in Berlin and across the country
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Maui residents wonder if their burned town can be made safe. The answer? No one knows
Week 13 college football predictions: Our picks for Ohio State-Michigan, every Top 25 game
OxyContin maker’s settlement plan divides victims of opioid crisis. Now it’s up to the Supreme Court
Senate begins final push to expand Social Security benefits for millions of people
Inmate dies after being attacked by other prisoners at California max-security lockup, officials say
Gaza has become a moonscape in war. When the battles stop, many fear it will remain uninhabitable
Jamie Foxx Accused of Sexual Assault