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A local buyer taking over a struggling newspaper in the 21st century is normally cause for some celebration. “Have no fear of me,” Smith told the Sun newsroom on Tuesday, according to someone who was there and relayed the statement on condition of anonymity because it was a private meeting. Smith told the newspaper he had one partner: Armstrong Williams, a commentator who hosts a show on Sinclair’s affiliates. In 2018, Smith told New York magazine that he dislikes and fundamentally distrusts print media. Skene reported from Baltimore.

Persons: David D, Smith, “, ” Smith, Donald Trump, Smith’s, Julian Sinclair Smith, Sinclair, Armstrong Williams, Brandon Scott, ”, Jim Shea, Kathy Szliga, Rupert Murdoch, Marty Kaiser, Alden Capital, Tim Franklin, Stewart Bainum Jr, —, Medill’s Franklin, ” Franklin, Olivia Nuzzi, David Simon, television’s, ” Simon, Abell, ___ Bauder, Skene Organizations: Sinclair, Baltimore Sun Media, Alden Global Capital, The, Associated Press, Sun, Sinclair Broadcasting Inc, Chesapeake Television Corp, Fox, Democratic, Project Veritas, Republican, Capital News Service, University of Maryland, Tribune Publishing, Philadelphia Inquirer, Boston Globe, Seattle Times, Medill Local, Initiative, Northwestern University, Baltimore, New York Locations: Baltimore, Maryland, “, New York

☆ Baltimore Sun Sold to Chairman of Sinclair TV Stations
▼ + stars: | 2024-01-15 | by ( Ken Belson | More About Ken Belson | ) www.nytimes.com time to read: +1 min

The Baltimore Sun, the largest newspaper in Maryland, has been sold to David D. Smith, the executive chairman of the nationwide Sinclair network of television stations and other media. Mr. Smith, who grew up in Baltimore, bought Baltimore Sun Media, which includes The Sun, in a private deal from Alden Global Capital, an investment firm that has become the country’s second-largest newspaper operator. It was unclear how much Mr. Smith paid for Baltimore Sun Media. Triffon G. Alatzas, the publisher and editor in chief of The Sun, said in an email to the newsroom on Monday that Mr. Smith had bought The Sun “to support his hometown newspaper.” Mr. Alatzas said Mr. Smith would meet the staff at The Sun on Tuesday. In an interview with the paper, Mr. Smith said, “We have an absolute responsibility to serve the public interest,” adding, “I think the paper can be hugely profitable and successful and serve a greater public interest over time.”

Persons: David D, Smith, Triffon, Mr, Alatzas, “, ” Organizations: Baltimore Sun, Sinclair, Baltimore Sun Media, Alden Global Capital, Sun Media, The Capital Gazette, The Locations: Maryland, Baltimore, Annapolis, Md

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 hedge fund Alden Global Capital in a private deal reached on Friday. 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. “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. “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. 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.

Persons: David D, Smith, Sinclair, “, ” Smith, Alden Organizations: BALTIMORE, Baltimore Sun, Sinclair Inc, Baltimore Sun Media, Alden Global Capital, Sinclair, Sun, Tribune Publishing Locations: Chicago, Maryland

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