Christopher Dinsmore
Christopher Dinsmore
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Baltimore Sun Media buyer to pay $65 million for news group

Baltimore Sun Media buyer to pay $65 million for news group

The proposed nonprofit buyer of The Baltimore Sun and its affiliated newspapers would pay $65 million for the company, according to a Tribune Publishing filing with the U.S. Securities and Exchange Commission. The Sunlight for All Institute, backed by , also would assume pension obligations associated with The Baltimore Sun and its affiliates. Advertisement Bainum reached the agreement with Alden Capital Group, which has agreed to acquire the rest of Tribune in a $630 million deal announced late Tuesday. Tribune Publishing also owns The Chicago Tribune, the New York Daily News and other...

baltimoresun.com
Christopher Dinsmore
7d ago
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The Baltimore Sun to be acquired by nonprofit from Tribune Publishing

The Baltimore Sun to be acquired by nonprofit from Tribune Publishing

Returning The Baltimore Sun to Maryland hands, the state’s largest newspaper and its affiliates will be acquired by a nonprofit formed by businessman and philanthropist Stewart Bainum Jr. that would operate the media organization for the benefit of the community. The sale was made possible by Alden Global Capital’s $630 million deal announced late Tuesday to acquire full control of Tribune Publishing, which also publishes the Chicago Tribune, the New York Daily News and other major newspapers. Advertisement As part of the acquisition, the nonprofit Sunlight for All Institute would acquire...

baltimoresun.com
Christopher Dinsmore
Feb 16
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