Opinion | Alden finds a formula to make money two ways on the sale of The Baltimore Sun The Sun’s sale to Sinclair executive David D. Smith includes a contract that keeps payments coming to Alden. January 17, 2024 Rick Edmonds
The Baltimore Banner readies for launch The overarching goal: to develop a model for local news that civic-minded, philanthropic investors can rally around in cities from coast to coast. March 23, 2022 Greg Burns
A philanthropist pivots: How Stewart Bainum Jr. came to pledge $50 million to launch The Baltimore Banner As a former legislator, Bainum ‘saw all sorts of shenanigans. Not all of them got reported, but a lot more then than now.’ February 10, 2022 Rick Edmonds
Stewart Bainum Jr. is advertising for help to launch a ‘high profile, well-funded’ news startup in Baltimore Bainum’s bid to buy The Baltimore Sun from Alden Global Capital fell through in the spring. Now he envisions taking on the Sun with a new nonprofit. August 10, 2021 Rick Edmonds
NewsGuild formally makes the case that Tribune Publishing shareholders should reject Alden’s takeover offer The Guild argued in an SEC filing that Alden’s $17.25 offer price undervalues the company. May 5, 2021 Rick Edmonds
Despite a potential higher bid, Tribune Publishing recommends shareholder approval of Alden’s offer for the company The bid, from the hotel chain CEO who aims to buy The Baltimore Sun, does not have committed financing. Tribune expects a deal to close by Q2’s end. March 24, 2021 Rick Edmonds
A white knight to the rescue of Tribune Publishing? Will Baltimore Sun buyer Stewart Bainum go all in? It’s possible, but not likely. For Tribune to reconsider its agreement to sell would almost certainly take a firm offer at a substantial premium. March 15, 2021 Rick Edmonds
