Current:Home > ContactThe Baltimore Sun bought by Sinclair media executive -Summit Capital Strategies
The Baltimore Sun bought by Sinclair media executive
View
Date:2025-04-18 21:03:24
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! (1)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Donald Trump might make the Oscar cut – but with Sebastian Stan playing him
- AP Decision Notes: What to expect in New Hampshire’s state primaries
- A man was charged with killing 81 animals in a three-hour shooting rampage
- Trump wants to turn the clock on daylight saving time
- All the best movies at Toronto Film Festival, ranked (including 'The Substance')
- Stagecoach 2025 lineup features country chart-toppers Jelly Roll, Luke Combs, Zach Bryan
- Detroit Lions host Los Angeles Rams in first Sunday Night Football game of 2024 NFL season
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- 150 cats rescued from hoarding home in Missouri after authorities conduct welfare check
Ranking
- Meet first time Grammy nominee Charley Crockett
- Shooter at Southern University frat party takes plea deal
- Judge delays Donald Trump’s sentencing in hush money case until after November election
- Stassi Schroeder Shares 3-Year-Old Daughter's Heartbreaking Reaction to Her Self-Harm Scars
- Trump's 'stop
- Dating apps are tough. Is there a better way to find a match today? | The Excerpt
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Green Peas
- Father of Georgia high school shooting suspect charged with murder | The Excerpt
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
House case: It's not men vs. women, it's the NCAA vs. the free market
Michigan judge loses docket after she’s recorded insulting gays and Black people
Freaky Friday’s Jamie Lee Curtis Shares How Motherhood Changed Lindsay Lohan
Questlove charts 50 years of SNL musical hits (and misses)
Ben Affleck Flashes Huge Smile in Los Angeles Same Day Jennifer Lopez Attends Red Carpet in Toronto
Investigators say Wisconsin inmate killed his cellmate for being Black and gay
Jennifer Lopez Rocks Revenge Dress at TIFF Premiere of Her and Ben Affleck’s Film Amid Divorce