Thursday, January 2, 2020

Baltimore Sun journalists pursue local ownership amid hedge fund fears

An effort is underway by some journalists at The Baltimore Sun to find new, local ownership for the 183-year-old newspaper. The journalists have reached out to the Abell Foundation, the Goldseker Foundation, developer David Cordish and others who have expressed interest in acquiring The Sun in the past. The move follows the November purchase of 32% of Tribune Publishing stock by Alden Global Capital, a New York-based hedge fund known for gutting staff and budgets at its newspapers, including the…



from https://www.bizjournals.com/baltimore/news/2020/01/02/baltimore-sun-journalists-pursue-local-ownership.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/190022559287

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